Despite no NFC, NXP Semiconductors (NXPI) Will Still Benefit from iPhone

While NFC technology is not in the iPhone 5, NXP Semiconductors NV (NASDAQ: NXPI) will still see some notable orders from Apple.

According to analysts at Susquehanna, NXP will still supply: Interface controllers for new dock connector for iPhone; authentication for iPhone/iPod Touch; new power adapter, adapter plug allowing new iPhone to connect to legacy peripherals.

The firm is maintaining their Neutral rating and price target of $23 on NXPI.

For an analyst ratings summary and ratings history on NXP Semiconductors NV click here. For more ratings news on NXP Semiconductors NV click here.

Shares of NXP Semiconductors NV are up 3 percent to $27.21

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