SOURCE: Five Star Equities
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 Broadcom Corp. (NASDAQ: BRCM) and TriQuint Semiconductor (NASDAQ: TQNT).
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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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Broadcom is a global leader and innovator in semiconductor solutions for wired and wireless communication. The company's BCM4335 is the industry's first complete 5G WiFi combo chip for the use in smartphones, tablets and other mobile devices. Shares of the company are up over 22 percent for the year.
TriQuint Semiconductor is the leader in high-performance RF components for wireless communication. The company's RF chips have been used in the most recent versions of Apple's iPhone and iPad. TriQuint forecasted third quarter 2012 revenues to be between $195 million and $205 million, with non-GAAP gross margin of between 30 percent and 32 percent.
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