Apple shares are going nuts, what you need to know.
Who benefits when Apple does? (MX)
Magnachip is more than a turnaround story though. There appears to be growth on the horizon for the company. This stems from its deal with Apple (Nasdaq: AAPL) and most recently, Atmel (Nasdaq: ATML). Magnachip provides the technology for Apple's iPad and Atmel's touch screens. The iPad has been selling well in Asia and should continue to do so going forward. Just like in the U.S., the rollout in Asia drew hundreds of thousands of interested customers. The iPad's continued success will have a direct impact on growing revenues at a healthy rate.