Apple Gives ARM a Leg Up
ARM's share price closed last week at 237 pence on the London Stock Exchange , but following Apple's positive results, announced late Tuesday, and the highly speculative rumor that the iPhone firm might be interested in buying the chip company, ARM's share price has risen to 251.4 pence, a rise of 5.7 percent this week. (See Apple Sold 8.75M iPhones in Q2.)
The suggestion that Apple might make ARM one of its corporate limbs doesn't hold much sway with those who follow the device sector closely, as this report from the San Francisco Chronicle and this story from The Inquirer demonstrate.
— Ray Le Maistre, International Managing Editor, Light Reading