Investopedia: Apple Throws Everything Into Question For Audience
It's increasingly looking like getting business from Apple (Nasdaq:AAPL) is a mixed blessing for small-cap tech companies. While investors had been looking for Audience (Nasdaq:ADNC)
to use its solid relationship with Apple (and Samsung) as a platform
from which to build on its voice isolation/noise suppression technology,
it now looks as though Apple has elected not to use the company's
technology in the next iPhone. Not only does that news hammer the
expected profit stream for 2013, it also calls into question the broader
bullish thesis for the company's technology.