Perhaps, but we must remember there is documentation that Apple has been working with NXP since 2010. Strange these efforts would be eliminated but it is possible. Lawsuits show Apple sticks to standards. Strange they were go off path ?????
I really don't how much it matters. Short term, nxpi would get hammered, but in the longer term any nfc adoption is good imo.The reports say its in line with nxpi's 5mm offering and much of what I've read leads me to believe that nxpi is one of very few suppliers who could meet demand on the scale apple would require. Even without it being nxpi's chip it should boost nxpi as it clearly signals wide-scale adoption of NFC in the us. I also think the timing is consistent with the movement of Walmart and friends via mcx in the mobile payment space. Even if it's nxpi's chip how much would 5 million phones really move nxpi's bottom line? Enough to balance the high p/e?