NEW YORK, NY--(Marketwire -09/06/12)- The rapidly growing demand for Apple's devices have helped make the company the largest U.S. company ever with a stock market valuation of $623.52 billion. As a result of company's high share price investors looking to profit from the company's success have looked to Apple's chip suppliers. Five Star Equities examines the outlook for companies in the Semiconductor Industry and provides equity research on Cirrus Logic, Inc. (CRUS) and Skyworks Solutions Inc. (SWKS).
"The bets [investors] will take on stocks are -- is somebody going to gain share or should they get out of a stock if they think they're going to lose share in future devices," Canaccord Genuity analyst Michael Walkley said. "What creates some confusion is that, based on where companies are in the supply chain, they recognize revenue at different dates."
Although no release date is officially set for the iPhone 5, recent invitations sent out by Apple to an event in San Francisco on Sept. 12 have hinted to be the launch for the new-generation iPhone. The company is also widely rumored to be working on a smaller version of their popular iPad tablet.
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Cirrus Logic delivers highly optimized products for a variety of audio and energy-related applications. The company recently projected revenue in the fiscal second quarter to be between $170 million to $190 million, well above the $130 million projected by analysts according to Reuters. "While we understand there is intense market interest related to our largest customer, in accordance with our policy, we do not discuss specifics about our business relationship," said Chief Executive Jason Rhode.
Skyworks Solutions is an innovator of high performance analog semiconductors. Revenue for the quarter ending June 29, 2012, was $389.0 million, up 7 percent sequentially and 9 percent when compared to revenue of $356.1 million in the third fiscal quarter of 2011. Shares of the company have soared over 85 percent this year.
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