Tech Business Recap: iPhone’s Prospective Industry SHARE, Digital Domain Goes BANKRUPT

It’s now estimated that the next iPhone (NASDAQ:AAPL) could by itself comprise 4.4 percent of the chip industry’s sales next year, according to Doug Freedman at RBC, who also calculates that 171.7 million units will be sold in that period. Several firms are expected to benefit, including Broadcom Corporation (NASDAQ:BRCM), which could get $6.50 per iPhone; Qualcomm Inc. (NASDAQ:QCOM), which Freedman says should receive $18 per shipment; and SanDisk Corporation (NASDAQ:SNDK), which should receive $9.50 per iPhone, assuming that its NAND flash chips are used in the device.

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Digital Domain Media Group (NYSE:DDMG) has filed for bankruptcy protection following its default last week on debt repayments of $35 million in senior notes, along with the resignation of its Chairman and Chief Executive John Textor. The firm now has a total debt of $214 million, with assets at $205 million. Digital agrees to divest its main operating division, Digital Domain Productions, to the private equity firm Searchlight for $15 million, although the deal is subject to other bids. In the meantime, senior noteholders, led by Hudson Bay, will allow the company up to $20 million in debtor-in-possession financing.

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