iPhone line up -->
SHARES in semiconductor manufacturer
Arm's processors will be used in the new iPhone 5s that uses high end chips to power a phone with more than double the speed of the previous generation iPhone.
"Thanks to these new products using its latest 64-bit chips which should make the S version both much quicker and less battery hungry. There is also the chance that it can extract a higher royalty fee for the new chips."
Arm has outpaced key rival
The company also licenses its processor designs and receives a royalty on every chip shipped in its customers' products. Last year there were over 8bn Arm-based devices shipped worldwide, and the company made pre-tax profits of £276.5m.
Arm's shares closed at 985.5p a share yesterday.
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