Arm and Imagination slide on continuing Apple cutback concerns

Discussion in 'Market News' started by Lily, Jan 8, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Suppliers to iPhone company come under further pressure

    Recent reports that Apple planned to cut iPhone production has put the company’s suppliers under pressure this week, and that trend is continuing.

    The Nikkei in Japan said earlier in the week that Apple could cut production of the iPhone 6s and 6s Plus by about 30% in the March quarter compared to its original plans.

    Cirrus stated that the weakness only came through late in the fourth quarter and will predominately impact the first quarter. [There is a] negative read to Laird (18% of revenue from Apple), Imagination (34% of revenue ) and Arm (around 7% of revenue). Imagination’s balance sheet may start to get tight.

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