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FBN’s Liz Claman with Peter Santos, Audience Inc. CEO, on what the company has in store after losing its business with Apple and the iPhone.
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Okay what happens when you launch a successful IPO but then.
There is one of your biggest customers just months later can you survive it.
With claim it is the Silicon Valley with the boutiques and expect the -- company that -- the big fish should we say the Big Apple is.
Well yeah audience makes the chips that improve and sharpen your voice and audio quality in all kinds of Smartphones but yes.
It was revealed last week that the Apple iPhone would not be using that.
Audiences chips and it's sort of the can -- hear me -- -- company -- make it very sharp.
Does this mean a real problem for the company analysts and stock price -- -- -- but Peter Santos is the CEO.
He's here to tell us really what's notice that for good to see thank you for being here -- thanks to -- -- -- OK so when this happened last -- and it was revealed that your chips would not be in the iPhone.
The stock took a 60% hit four analysts downgraded it and people were saying I cannot believe this is happening I believed in this company -- that they still.
-- was we were really proud to be part of the revolutionary phone that apple launched in June of 2010 and the wonderful.
And our focus today is to continue to engage with players that are watching revolutionary phones the market.
And indeed we're working with eight out of the top ten other mobile phone OEMs would be shipped over 80% of the Smartphones.
World I wanted to point out -- galaxy anybody and you've got one in your head here in the galaxy correct yes audience powers the voice experience of.
The galaxy three -- from Samsung which is.
The leading selling Smartphone in the market today we are also in several of the -- platform.
Devices that you talked to Paul -- about just the other day the brand new Intel low power using -- that's really going to be -- -- a lot of Smartphones people simply sit exactly.
And we're going to be -- a whole range of very compelling devices that are coming to market from.
Other mobile phone OEMs in the next three to six months in addition to entry into adjacent markets like PCs televisions automotive.
Over the next call -- so you are telling me that the void that apple believes would be filled by somebody other opportunities.
Shareholders who looked at your book basically went public in May early may -- before FaceBook and you had a very strong IPO.
We're saying why did we not know that the potential for this was here at and there are perhaps understandably -- perfect.
As well.
What I can say is this I think we don't know that apple sources technology in a different way than other OEMs and it also marches to its own drummer.
And audience is focused on working with other mobile OEMs around the world who are responding strongly to the demand for best in class voice from.
-- Wisconsin so you're saying with Samsung -- or Google while way which have by the -- why -- may not be a name that a lot of people hear about but it's been in Silicon Valley -- Chinese company right -- and everybody's talking about them but so there's a real opportunity in the future for audiences what yourself.
There is a huge opportunity and I'm glad you mentioned -- because -- big opportunity we see is in China.
Without -- while -- that CT and fast moving companies such as shall be known as the couple of China.
And also we're starting to work with the carriers such as China Mobile.
To help them get best in class specifications.
Their devices -- Santos is the CEO bodies a lot of people wanted to talk to you would have to be exclusively here on Fox Business thank you for speaking with us.
The stock is rebounding about one or 2% today we're watching audience closely boutique chipmaker.
That is still fighting back and saying yes we are in other opportunities like the galaxy.
Coming up in the next couple of hours we -- here -- -- this is really a garage it surely is at the start -- called clip board we've got the founders seven dollar and Mike -- coming up at 3 PM eastern.
And so much more we've got the -- SanDisk CEO -- Shag shag is that.
Physical and online it's kind of a solution especially -- since we've been talking so much.
About the problems with student loans and how tough it is for college students these days to handle the costs back to you from Silicon Valley.
Thank you let wildly as so many amazing extras have been.
