Pixelworks +18.7%; SA author sets $22 PT on Apple hopes

|By:, SA News Editor

After conducting research, 3D Analytics believes PIxelworks' (PXLW) collaboration with Apple is for an upcoming TV set.

The author notes Apple accounted for 14% of Pixelworks' Q1 revenue, and highlights CC remarks (transcript) stating Pixelworks has obtained mass-production qualification for a video-processing SoC (meant for large-screen products) being developed with an unnamed partner.

Pixelworks added it expects volume production for the SoC to start in Q2, and to ramp in 2H14.

Worth noting: The Apple rumor mill has been mostly silent this year about a TV set launch (not the case in prior years). On the other hand, there have been multiple reports stating a new Apple TV set-top supporting gaming and select access to pay-TV content is on tap.