Update on Apple Suppliers: 'Mind Your Stops!'
Apple, according to Piper Jaffray and its research team led by Gene Munster, has the ability to sell six to 10 million iPhone 5s during this coming weekend's launch. That would equate to a 100% year-over-year growth from Apple's iPhone 4S launch. Piper thinks Apple will issue a press release on Monday regarding sales over the weekend.
The other happy group of investors are those who've been buying shares of three well-run companies that supply AAPL with the smart-chips and other essential technologies to make the iPhone and the iPad work so famously.Broadcom (BRCM) , which recently peaked on Sept. 14 at $37 a share, Qualcomm (QCOM) and Cirrus Logic (CRUS) have all seen their share price move up very nicely in the past few months. The six-month comparison chart below helps us see that CRUS has outperformed BRCM and QCOM during this rebound period. BRCM data by YCharts
CRUS, with its $2.84 billion market cap, is a "fabless" semiconductor company that develops and sells high-precision analog and mixed-signal integrated circuits (ICs) for audio and energy markets worldwide. The company also offers analog and mixed-signal audio converter and audio digital signal processor (DSP) products, which include analog-to-digital converters (ADCs); digital-to-analog converters (DACs); microchips for integrating ADCs and DACs into an IC; digital interface ICs; volume controls; and digital amplifiers, as well as audio DSPs for consumer electronics applications.