Tomahawk, WI 07/31/2014 (Basicsmedia) – The tech industry is full of buzz about the much awaited iPhone 6 and iWatch which are expected to hit the stores as early as September this year. Focus has shifted to the kind of features and components that might be added in the two devices especially from InvenSense Inc. (NYSE:INVN). The company’s CEO and president, Behrooz Abdi, in an interview on CNBC, played it cautious about what to expect in the devices especially from InvenSense.
“Well, you know I have to give you a standard answer, I can’t really comment on that anymore so it is the same answer I gave you before, we’ve got a submitting like this,” said Mr. Abdi.
The answer only raises questions as to whether InvenSense Inc. (NYSE:INVN) will feature in the next iPhone. The CEO remains enthusiastic about the company’s growth prospects going forward, at the back of the company’s intelligent sensor solution business.
InvenSense Inc. (NYSE:INVN) remains strategically positioned to benefit a great deal from the need of increased content especially on the camera’s front, where the company is a major player. Users have shifted their attention on the kind of features that a Camera should come with, to guarantee quality pictures of which InvenSense has been trying to address.
“We are getting additional content. If you look at every phone now, people want to differentiate on the camera’s image quality and with the optical image stabilization which is an additional content in the phone we are really doing well with that,” said Mr. Abdi.
InvenSense Inc. (NYSE:INVN) is already making substantial gains in terms of market share which has been on an upward trend reaching highs of 50% this year, with a high-penetration rate in the smartphone industries in terms of products offered to other companies. The attach-rate of the company’s products has also gone up according to Mr. Abdi.
InvenSense Inc. (NYSE:INVN) Design portfolio has substantially grown, positioning the company for a possible market share increase in the current and next quarter. InvenSense has already made known its intention to acquire two sensor-algorithm and software companies that should spur growth in the future.