03-17-2014, 12:14 PM
Shares of InvenSense (NYSE: INVN ) climbed Thursday on rumors that the MEMS maker has won the design in the Apple (NASDAQ: AAPL ) iPhone 6. This would be the third time in three generations of iPhones that Apple switched suppliers after the company tapped Bosch over STMicroelectronics (NYSE: STM ) for the accelerometer in the iPhone 5s (STMicroelectronics still won the gyroscope)...
To put that in perspective, Samsung shipped about 314 million smartphones last year. InvenSense claims that it took about 50% of Samsung's design wins -- about 157 million units. Additionally, Samsung accounts for about one-third of InvenSense's total revenue. So, if the iPhone rumors prove true, InvenSense could boost its revenue by another 20%.
This iPhone Rumor Could Mean Big Things for This Chipmaker (INVN)
Remains to be seen, these rumors have been there before..
The growing mobile device market offers enough interesting opportunities for InvenSense.

