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Verizon iPhone Teardown

Stocks in this article: AAPL AVGO QCOM TQNT SWKS

NEW YORK ( TheStreet) -- Investors found a few surprises inside the Verizon (VZ) iPhone.

The detailed teardown of the CDMA Apple iPhone 4 by iFixit reveals some winners and losers in the iPhone supplier roster.

The big winners include new Apple suppliers Avago (AVGO - Get Report) and Qualcomm (QCOM - Get Report).

The losers include TriQuint (TQNT) and Infineon, a newly-acquired unit of chip giant Intel (INTC).

Shares of Avago jumped to a new all-time high of $31.48 on news that its chip was on board the Verizon iPhone.

Avago's origins date back to Hewlett-Packard's (HPQ) Agilent (A) chip unit; the company was acquired by KKR (KKR) and Silver Lake Partners for $2.6 billion in 2006.

Avago went public in August 2009. Avago shares are up 79% in the past year.

It's no surprise to readers of The Street, which broke the story over a year ago, that Qualcomm has replaced Infineon as the supplier of the wireless baseband chip that allows the iPhone to work on Verizon's CDMA and EVDO network.

Qualcomm shares, which are up 45% in the past 12 months, were trading near a two-year high of $55.62 Tuesday.

Verizon iPhone Hub

The big, unexpected loser in the iPhone supply race was TriQuint. The iFixit teardown showed that Skyworks (SWKS - Get Report) won two power amplifier spots inside the Verizon iPhone, displacing TriQuint.

Shares of TriQuint, which had been trading near multi-year highs, fell 3.5% to $13.55 in early action Tuesday.

The setback may be temporary for TriQuint however. The TriQuint power amplifier is expected to be inside the iPhone 5, sharing the supply business with Skyworks.

TriQuint representatives declined to comment.

Meanwhile, Apple shares are up to a new all-time high climbing above $354 for the first time early Tuesday.

--Written by Scott Moritz in New York.



>To contact this writer, click here: Scott Moritz, or email: scott.moritz@thestreet.com.

To follow Scott on Twitter, go to http://twitter.com/MoritzDispatch.

>To send a tip, email: tips@thestreet.com.

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