Tech Business Review: iPhone 5 Sell-Out IMPACTS Apple & Suppliers Shares
Apple Inc. (NASDAQ:AAPL) and its suppliers Broadcom Corporation (NASDAQ:BRCM), Cirrus Logic, Inc. (NASDAQ:CRUS), Skyworks Solutions, Inc. (NASDAQ:SWKS), and OmniVision Technologies, Inc. (NASDAQ:OVTI) outperform on Friday, subsequent to the iPhone 5’s initial stock apparently selling out in less than an hour after the pre-orders commenced. So far, this situation resembles the 4S launch, with the new device also being a larger update than the latter. Criticism calling the 5 an “incremental” upgrade, along with other issues are thus far not preventing huge sales.
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