Imagination leaps to a record as the latest iPad is unveiled
Shares in Imagination Technologies, the British company that designs graphics chips for Apple mobile devices, hit a record high yesterday,a day after the unveiling of the latest iPad.
"Revenue showed good growth against last year," said the chief executive, Hossein Yassaie, referring to sales in the second half of its financial year. Imagination would not confirm whether it was involved in the new iPad, dubbed iPad3. But Apple has a near-10 per cent stake in the company. The shares shot up 50.5p to 652p.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies