iPhone component suppliers up as Apple confirms October 4th unveiling
Stocks of Apple’s component suppliers are experiencing increases stemming from today’s announcement confirming a next-gen iPhone related media event for October 4th.
Among them, Qualcomm, expected to provide the device’s GSM and CDMA compatible Gobi baseband chips, is up 3.9% as of this report. Broadcom Corp., providing wireless chip related components is up 3.5%, Gorilla-glass maker Corning is up 5.92%, and CMOS image sensor supplier OmniVision Technologies Inc. is up 3.4%.
Nuance Communications, Inc. is also up 5%, which many are speculating is due to the new iPhone’s Nuance-powered speech-to-text feature and the implications of the “Let’s talk iPhone” slogan on the iPhone event invites.
Other stocks from lesser known power amplifier component makers including Avago Technologies, TriQuint Semniconductor, and Skyworks Solutions were all also on the increase as of this report.
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