NEW YORK, NY -- (Marketwire) -- 04/27/12 -- The Semiconductor Industry have posted some impressive gains as the demand for mobile devices is rapidly growing. Shares of Apple's chip suppliers surged earlier this week as the company reported it nearly doubled its earnings in the first quarter. "The whole apple semiconductor food chain likely benefits," said RBC Capital analyst Doug Freedman. Five Star Equities examines the outlook for companies in the Semiconductor Industry and provides equity research on Skyworks Solutions Inc. (NASDAQ: SWKS) and OmniVision Technologies, Inc. (NASDAQ: OVTI).
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Apple on Tuesday reported their profits jumped 93 percent in the March quarter, fueled by strong iPhone sales. iPhone shipments for the first quarter totaled 35.1 million units beating analysts' estimates by nearly 15 percent. Buying in China was a major factor for the surprising sales total as the country was responsible for 20 percent of total sales, up from the 12 percent in 2011.
"They are truly just beginning to grow in Asia, and China is possibly their most important market, where they just really started expanding," said Michael Obuchowski, chief investment officer at First Empire Asset Management, "For Apple right now, the most important part of thinking about their business is the international growth."
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Skyworks Solutions, a maker of analog and mixed signal chips, shares jumped sharply Wednesday. The company recently reported second fiscal quarter 2012 results. Revenue for the quarter was $364.7 million, up 12 percent when compared to revenue of $325.4 million in the second fiscal quarter of 2011 and exceeding the Company's guidance of $360.0 million.
OmniVision Technologies designs, develops and markets semiconductor image-sensor devices. The Company's main products, image-sensing devices, which it refers to as CameraChip image sensors, capture an image electronically and are used in a number of consumer and commercial mass-market applications.
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