Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 01 February 2013 10:34

Audience does well

Written by Nick Farrell



Who needs Apple?


After being written off by the Tame Apple press after losing its contracts with Jobs’ Mob, the sound outfit Audience is making a real killing.

Audience, which went public in May 2012, saw its stock slump 58 percent last September on news that Apple was going to drop its noise-filtering technology in future iPhones, including the iPhone 5. However it looks like losing Apple was the best thing that ever happened to Audience.  The company turned in a quarterly revenue well above Wall Street's expectations, helped by more business from Samsung and other smartphone makers.

Shares of Audience jumped 24 per cent in after hours trading, after shareholders worked out that the company never really needed Apple after all. In fact with Apple losing value faster than a cheap lollipop, Audience is better off with Samsung. The company announced that it expected revenue between $43 million and $46 million in the March quarter, versus analysts' average estimate of $31.8 million.

Audience executives said that more business from Samsung and other smartphone makers would offset dwindling revenue from Apple as fewer and fewer older iPhones that use its technology are sold.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments