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Apple's Chip Suppliers Set to Gain as iPhone 5 Pre-Orders Shatters iPhone 4's Previous Record

NEW YORK, NY--(Marketwire - Sep 19, 2012) - 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 Qualcomm, Inc. ( NASDAQ : QCOM ) and OmniVision Technologies, Inc. ( NASDAQ : OVTI ).

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Apple recently reported that preorders for the new iPhone 5 were more than double those for the iPhone 4 with over 2 million sold in just 24 hours. While the iPhone 5 will go on sale this Friday, the current demand has exceeded the initial supply and some units will be delivered in October. AT&T has stated that they have received more orders for the iPhone 5 than any of the other previous models.

iPhone 5 pre-orders have shattered the previous record held by the iPhone 4S and the customer response to the iPhone 5 has been phenomenal," Apple's senior vice president of global marketing Philip Schiller said in a recent statement.

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According to report from UBM Techinsights, a research analyst firm, the component of the iPhone 5 that saw the largest price increase was the baseband modem (Qualcomm's Gobi MDM9615). When compared to the iPhone 4s the price of the baseband modem went from $14 to $25. Shares of the company are up over 18 percent for the year.

OmniVision Technologies' image sensors are used in a number of mobile phones, notebooks and tablets. The company expects revenues for the second quarter of fiscal 2013 to be in the range of $355 million to $390 million. "After having been excluded from supplying Apple its image sensor to the iPhone 4S (supplied by Sony), the company's strong October forecast looks to be evidence that it has retaken the socket for the iPhone 5, a feat that not many suppliers are able to accomplish once being displaced." wrote Williams Financial Group's Cody Acree.

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