- The ecosystem for 64-bit ARM (ARMH +0.7%) CPU cores has "progressed even more quickly than we had anticipated" since Apple showed off its 64-bit A7 CPU last September, writes Canaccord's Matthew Ramsay, while upping his PT to $60 from $55.
- Since Apple's announcement, Qualcomm, Samsung, Marvell, Nvidia, and MediaTek have launched 64-bit, ARM-based, mobile processors and/or announced plans to do so. In addition, momentum for the nascent 64-bit ARM server CPU market has continued apace: AMD unveiled an ARM server CPU line - the Opteron A1100 series - in January.
- 64-bit ARM cores carry higher royalty rates than their 32-bit counterparts. Ramsay expects ARM's 64-bit momentum to lead the Street's royalty estimates to move higher.