Friday, 7 September 2012

Audience Says Apple is 'Unlikely' to Use Its Technology in New iPhone

Audience has announced that it's unlikely that Apple will use its technology in the next generation iPhone tanking its stock by over 50% in after hours trading.

Here's the announcement:

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Audience sells processors and licenses its processor IP to Apple Inc. and certain of its subsidiaries (collectively, OEM) for inclusion in the OEM's mobile phones pursuant to a Master Development and Supply Agreement (MDSA). Pursuant to a statement of work under the MDSA, amended in March 2012, Audience

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