Cirrus Logic and NXP Semiconductors Look to Take Advantage of Swiftly Growing Smartphone Market
May 25 2012 - 8:20AM
Marketwired
Semiconductor stocks have posted some impressive gains as the
demand for mobile devices is rapidly growing. The Industry has
shifted from one focused on personal computers to one dominated by
smartphones. Companies who have been able to evolve with the times
have profited while those who did not have faltered. Five Star
Equities examines the outlook for companies in the Semiconductor
Industry and provides equity research on Cirrus Logic, Inc.
(NASDAQ: CRUS) and NXP Semiconductors NV (NASDAQ: NXPI).
Access to the full company reports can be found at:
www.FiveStarEquities.com/CRUS www.FiveStarEquities.com/NXPI
The smartphone market is expected to generate an estimated $219
billion in 2012 according to recent Bloomberg Industries data.
Gartner Inc., a technology research firm, forecasts global
smartphone shipments are expected to total 655 million in 2012,
more than double 2010's total of 299 million. In comparison, over
the same period the PC market grew only 5 percent to 368 million
units.
Apple's highly anticipated release of their iPhone 5 later this
year should also provide a great boost for the company's chip
suppliers. "We believe the iPhone 5 will represent the biggest
consumer-electronics product launch of 2012 as well as the biggest
device-upgrade cycle in smartphone history," Piper Jaffray analyst
Gene Munster recently wrote.
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Cirrus Logic develops high-precision, analog and mixed-signal
integrated circuits for a broad range of innovative customers.
Building on its diverse analog and signal-processing patent
portfolio, Cirrus Logic delivers highly optimized products for a
variety of audio and energy-related applications.
NXP Semiconductors recently announced that its PN65 Mobile
Transactions solution will power the Samsung GALAXY S III bringing
a new concept of human-centric mobile experience. The highly
anticipated Samsung GALAXY S III is the successor of the
best-selling Samsung GALAXY S II.
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