toggle

AAPL Stock: 112.23 ( -0.42 )

Printed from http://www.macnn.com

Pixelworks reveals Apple as major client, sees stock surge

updated 12:07 pm EST, Thu March 6, 2014

May be supplying tech related to Retina displays

A company specializing in image processing semiconductors and software, Pixelworks, has revealed itself as an official Apple supplier through a new filing with the SEC. In 2013 Apple is said to have accounted for more than 10 percent of Pixelworks revenue. The news has sent the latter company's share price surging, boosting it by about 53 to 54 percent in Thursday trading, or more than $2.58 per share.

What exactly Pixelworks is producing for Apple is unknown. The technology could be related to Retina displays, which are now in every major Apple product line except for the iMac and MacBook Air. Other major Pixelworks clients include NEC and Hitachi; some past customers have included Panasonic and Seiko Epson. In total, the company's top five customers provided 57 percent of its 2013 revenue.




by MacNN Staff

toggle

Comments

  1. And.reg

    Mac Elite

    Joined: 02-22-04

    ...and once the news dies out I'm sure the stock value will pixelate away again...

Login Here

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

toggle

Network Headlines

toggle

Most Popular

MacNN Sponsor

Recent Reviews

Dell AD211 Bluetooth speaker

For all of the high-priced, over-engineered Bluetooth speakers in the electronics market, there is still room for mass-market solution ...

VisionTek 128GB USB Pocket SSD

USB flash drives dealt the death blow to both the floppy and Zip drives. While still faster than either of the old removable media, sp ...

Kodak PixPro SL10 Smart Lens Camera

Smartphone imagery still widely varies. Large Megapixel counts don't make for a good image, and the optics in some devices are lackin ...

toggle

Most Commented