News Tech, , , , , , — April 25, 2011 12:18 — 1 Comment

‘Why Omnivision’s sensors will be in the iPhone 5 – not Sony’s’

A report out today from the financial analysis website Seeking Alpha, suggests that the rumours circulating the internet about Sony providing image sensors to the new iPhone 5 is incorrect.

Omnivision Technologies Inc (Nasdaq: OVTI) is the leading maker of CMOS imaging sensors for smartphones, iPads and digital still cameras. Omnivision has been a key player in the Apple (Nasdaq: AAPL) supplier food chain because Omnivision sensors are in the popular iPads and iPhones.

On 4 April, 2011, a rumor that Sony (SNE) might have won the socket for image sensors in the iPhone 5 caused OVTI shares to decline 8% (after being down over 12% intraday). The stock continued to decline (along with the market at the time) to $29.79 this week – a loss of 21% since the Sony rumor.

Read more here for responses to the rumour.

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About the author

Tony Myers has written 866 articles for Smart Movie Making

Fooling around with the iPhone since 2010. Taking it to the next web by writing about new media, new technology, new wave cinema and the digital revolution.

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