Half dozen tap outs over the next 9 months ...... For different Apple chips in iPad, iPhone, Mac, iWatch?...
Stock chip for non Apple customers, possible custom chip for non Apple customer.....
Al......I believe Royce and Blackrock have a multi year investment timeline .....
Royce started buying in the teens ...Blackrock started last year in the low 20's
IMO 2015 could be very good with the next generation 55nm chips and expanded diversification for CRUS
2014 as per Jason is a transition year....with a half dozen tap outs on new chips, LED ramping later in 2014 with big retailers link HomeDepot sitting on 5-6 months of inventory of old light bulbs that are phasing out.
The two points that cause me to bail out today were the light guidance for the March qtr....
That leads me to believe not only were GM cut as expected from low 50's to mid 40's but that ASP was cut more than I expected by Apple.
The second item is the timeline for the 55nm chips .....later than I expected.
Longer term I do think that cirrus will diversify and expand their revenues and customer base.
But it looks like 2015 not in 2014.
I think there are better places to invest in 2014 and I will monitor CRUS progress and expect to be back in in late 2014- early 2015......Jason has a plan that I think will work however it will payoff down the road in 2015 IMO.
Good news I was buying in the low teens and sold out at $43 before it peaked....
Bad news I started buying back in the low $30's and continued into the teens ...
So net I still made money but not what I expected.
Wally... Jason Rhode - President and Chief Executive Officer
Well, I expect it's going to be a fair number of incremental things that will happen for us. And again, one of those is Acoustic Technologies, which is already happening, we're already booking meaningful revenue with those guys, and we're taking and adding that to new products, some of them being the 55-nanometer type devices that I was talking about a minute ago that they can start contributing as early as next year.
Blayne Curtis - Barclays
I just wanted to understand the 55-nanometer timing. You said it takes about a year from tape-out to get revenue. You also said revenue in 2015. You've been on this two year cadence of products and you kind of broke with (inaudible) last year with some kind of reduced cost products. Are there any opportunities to increase content this year, or should we think about the same product set into those 55-nanometer chip or in the market the following year?
Jason Rhode - President and Chief Executive Officer
I think it's a complicated year in a variety of things that happen. There're certainly mix changes between form factors. Customers are launching new products all the time either with existing products we already have or other products that we've done in development. But overall, this year, we expect to be less exciting from a revenue growth. We certainly to be very profitable and continue to build this platform that we can grow on from here in the coming years.
So we don't see a ton of stuff this year, but at the same time, we are launching new products, we are continuing to make progress with the products that we already have in the either new designs or continuation of existing designs. So there is a lot of things going on.
I agree......with your statement that the reduced ASP is a much bigger item at this point.
The margin has gone from 51% to 48%, and people have been freaking out about that, but that's trivia in comparison to the ASP decline. They're selling more product to Apple, but the value of that product has gone down immensely. Even so, the inroads they've made with the Chinese phones and the Moto X aren't enough to keep the Apple proportion from rising.
GZ .... I think your assessment is reasonable.... CRUS 55nm chips are their next growth eng.... And that's not going to be reality until CY15...... NOT FY15
So I sold my position today move on to other interest for the next 12 months or so....and just monitor CRUS until I feel it's a better time to catch a growth spurt......
I've decided to sell and keep an eye on Crus from the sidelines....
The 55nm chips look interesting but will be a 2015 story....at that point I believe Cirrus will grow revenu
Best of luck to all
In a conference call with reporters, Lenovo executives said they were hoping to sell more than 100 million smartphones a year soon, challenging Apple and Samsung.
"Lenovo has the expertise and track record to scale Motorola into a major player within the Android ecosystem," he wrote in a blog post. "They have a lot of experience in hardware, and they have global reach."
"Lenovo intends to keep Motorola's distinct brand identity—just as they did when they acquired ThinkPad from IBM," he added.
More than anything, the deal is just the latest indication of Lenovo's growing ambition.
"I am confident we will be successful with this process, and that our companies will not only maintain our current momentum in the market, but also build a strong foundation for the future," Lenovo CEO Yang Yuanqing said of the Motorola deal.
Let's see what Lenovo will do with the always on audio in the current Moto X , Droid Ultra, MAXX and Mini.........
Lenovo looks to go up against Samsung for the lion's share of the Android smartphone market.
The Moto X was originally launched solely in the US in August 2013, and has taken almost six months to reach the UK. It was originally touted as the “self-driving” smartphone, due to its ability to respond to the keywords “OK Google Now” triggering searches, controlling music and making calls even while the screen is off.
Motorola says it spent several months fine-tuning the Moto X’s speech recognition to handle the varied accents around the UK – an important point if it is to function, as Andrew Morley, director of Motorola UK stressed, so you “really can use it without your hands, through the natural communications medium of voice.”
Xiaomi topples Samsung in China?
Samsung, the world's largest smartphone manufacturer, is also beginning to face challenges in key markets, including in Europe and China, according to Kantar. The analyst notes Samsung sales were down 2.2 percentage points year on year in Europe to 40.3 percent.
Samsung also lost its crown in China to upstart Xiaomi — maker of the Mi2, Mi3 and low-end Red Rice phone — which became the country's biggest smartphone seller.
"In December, Xiaomi overtook both Apple and Samsung to become the top selling smartphone in China – a truly remarkable achievement for a brand which was only started in 2010 and sells its device almost exclusively online," said Sunnebo. "The combination of high spec devices, low prices and an ability to create unprecedented buzz through online and social platforms has proved an irresistible proposition for the Chinese."
Megafon has not been able to sell iPhones since 2009 as the company and its rivals could not guarantee the sales volumes demanded by Apple, industry sources had said.
est for Dec qtr ......
iPhone (units) 56.4 million
iPad (units) 26.5 million
iPod (units) 7.6 million
Mac (units) 4.14 million
The iPad air launched in china nov 1st and the iPad moni retina launched Nov 12th
What we have not seen is the iPad's cellular models launch on china mobile ...YET.
"We've gotten to know each other…today is a beginning, and I think there are lots more things our companies can do together in the future," Mr. Cook said. Less
DG ....agree Maxim only ref to smartphones was their largest customer (S amsung) which did not have a good Dec qtr and only expects their new phone late this qtr
Tablets and e-readers are the areas where their next generation amps are targeted.