JPMorgan steps in to rebut claims that OmniVision (OVTI -3.9%) may have lost its "lead supplier...

|By:, SA News Editor

JPMorgan steps in to rebut claims that OmniVision (OVTI -3.9%) may have lost its "lead supplier status" in supplying sensors for Apple's (AAPL) next iPhone. Based on a chat with the CFO, JPMorgan thinks OVTI "is executing to plan, which includes ramping production of 8 MPx sensors on BSI-2 for tier 1 OEMs, including Apple," and predicts Y/Y revenue growth of 40% this quarter and 25% next.