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Apple iPad Should Boost OmniVision

Apple's response has been added to this story.

SANTA CLARA, Calif. ( TheStreet) -- OmniVision's (OVTI - Get Report) image sensor technology will feature in the next version of Apple's iPad, according to analyst firm Detwiler Fenton.

Barron's, citing a Detwiler research note, reports that OmniVision will supply CMOS image sensors for an iPad that will launch in the first quarter of 2011.
Omni Vision

Tear-downs have revealed that OmniVision's image sensor already features within Apple's iPhone. OmniVision, though, is tight-lipped on the subject of individual customers.

"OmniVision is a critical supplier of CMOS camera solutions to many of the world's largest electronics companies, but unfortunately we are not in a position to comment on any of our customers' products," said an OmniVision spokesman in an e-mail to TheStreet Friday.

An Apple spokeswoman told TheStreet that the tech giant doesn't comment on rumors and speculation.

OmniVision is one of a number of component suppliers, including SkyWorks (SWKS) and Cirrus Logic (CRUS), that could offer investors a cheaper entry point into the Apple phenomenon.

Apple's seal of approval can significantly boost the profile of firms in the competitive world of tech componentry. Detwiler reports that Apple will build 2.5 million of the new iPads in the first calendar quarter of next year. This, it added, will translate into 5 million units of demand for OmniVision, including iPhone components.

Apple's next-generation iPad will feature two cameras, said Detwiler, including a 5-megapixel camera and a VGA camera. The tablet is also expected to support Apple's FaceTime video calling technology, which was launched with the iPhone 4 earlier this year.

Cited as an attractive stock, thanks partly to its Apple relationship, OmniVision's shares have climbed more than 84% this year.

On Friday, Apple shares were largely flat at $303.56 while OmniVision's stock dipped 5 cents, or 0.19%, to $26.74.

--Written by James Rogers in New York.

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