Of all of the Apple plays, cash-rich (>$500 million; >$8.50/share) OVTI is the least dependent on Apple and the most diverse, which means OVTI will do well even in a recession. (BTW, OVTI is predicted to earn 56 cents per share this quarter--compared to CRUS's 33 cents, NUAN's 40 cents, and SWKS's 53 cents--even though OVTI has far more cash, lower share count, and about half the P/E of SWKS, NUAN, and SWKS.)
OVTI has camera sensors in . . .
--androids and smart phones, tablets, notebooks, and PCs;
--bionic eyes (cool, huh);
--autos (of which OVTI has 50% market share; e.g., camera sensors for diagnostics, for self-parking, and for screens that show your car's boundaries);
--medical cameras (e.g., those cameras that you swallow and that go up your you-know-what; this market is huge and high-growth);
--security and surveillance (this is another high-growth sector);