toggle

AAPL Stock: 107.72 ( -5.04 )

Printed from http://www.macnn.com

OmniVision lowers guidance based on mystery drop in orders

updated 01:50 pm EST, Mon November 7, 2011

OmniVision hints phone or tablet customer loss

OmniVision raised questions about future smartphones and tablets after it dropped its guidance for its just-finished quarter. It now expected to make $212 million to $217 million in revenue instead of the $255 million to $275 million it predicted in August. An "unexpected cutback" in orders for camera sensors for "certain key projects" was sparking the shortfall, the company said.

Sales would primarily be rocky in home-oriented products, hinting that the source of the problem wasn't in the business world.

OmniVision's customers have usually been kept private, but the drop may come from Apple. Until the iPhone 4S switch to Sony for camera sensors, it was one of if not the most important customers of OmniVision's technology. Today, it still uses OmniVision for virtually every other mobile device, including iPads, iPod touch players, and older iPhones.

The company was still hopeful for its OV8830, its eight-megapixel sensor. The design just started shipping in "very limited quantities" and was being shopped around to customers. Some had seen the sensor as a prime candidate for what became the iPhone 4S, although a very small supply may support rumors that Sony had to fill in.

OmniVision planned to buy back $100 million of stock to keep control of its share price. Full results are due on November 29.




by MacNN Staff

toggle

Comments

  1. ggirton

    Joined: Dec 1969

    0

    omnivision sensor in the iPad?

    I'm waiting for a better sensor .. so the pad can be the best it can be.

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

Blue Yeti Studio

Despite being very familiar with Blue Microphones' lower-end products -- we've long recommended the company's Snowball line of mics ...

ZTE Spro 2 Smart Projector

Home theaters are becoming more and more accessible these days, but maybe you've been a bit wary about buying a home projector. And h ...

MSI Geforce GTX 970 100ME

When Nvidia announced a new line of video cards in September 2014, many people thought things would continue to be business as usual i ...

toggle

Most Commented