Cowen says Energous 'exceedingly unlikely' to power Apple charging

Supply chain channel checks indicate that Apple (AAPL) is "getting on board" with wireless charging for the tenth anniversary iPhone, Cowen analyst Timothy Arcuri tells investors in a research note. The checks suggest Broadcom (AVGO) is the likely chip suppler, the analyst points out. Arcuri believes that Energous (WATT), contrary to media reports, is "exceedingly unlikely" to be the choice for Apple. He believes Apple will select a standards-based solution supporting Airfuel resonant and possibly Qi. Shares of Energous closed Friday down 8% to $15.47 after JPMorgan declared Broadcom as the likely chipmaker behind Apple's wireless charging.