NEW YORK, NY--(Marketwire - Oct 12, 2012) - Apple's chip suppliers have benefited from the immense popularity of the company and their products in 2012. In August, Apple's valuation of $623.52 billion made it the largest U.S. Company ever surpassing Microsoft. The recently released iPhone 5 set a new record for opening weekend sales, with sales topping 5 million units. Five Star Equities examines the outlook for companies in the Semiconductor Industry and provides equity research on Broadcom Corporation (NASDAQ: BRCM) and STMicroelectronics N.V. (NYSE: STM).
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While sales of 5 million iPhones during its debut weekend fell short of analysts' estimates, it was largely in part to supply issues. "While the supply issues for the iPhone 5 since launch are concerning in terms of the company's ability to fully meet demand in December, we are staying with our 49 million unit estimate for the holiday quarter," said Piper Jaffray analyst Gene Munster.
Canaccord Genuity analyst T. Michael Walkley also expects China Mobile, the world's largest carrier, to launch its first iPhone on its network in early January, just in time for the Chinese New Year in February.
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Broadcom products seamlessly deliver voice, video, data and multimedia connectivity in the home, office and mobile environments. The company provides a touchscreen controller chip in the iPhone 5. Broadcom is scheduled to release their third quarter 2012 financial results after market on October 23, 2012.
STMicroelectronics is a global leader in the semiconductor market serving customers across the spectrum of sense and power technologies and multimedia convergence applications. The company currently provides an accelerometer chip and a gyroscope chip in the new iPhone 5.
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