If Apple Tanks Further It Could Take Down These Companies With It
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As usual, they're a big deal. The company's stock has been in a tailspin as investors believe iPhone demand has finally hit a wall. Growth for Apple is expected to slow, or disappear.
If Apple's earnings are weak, it won't hurt just Apple. It will effect its suppliers, too.
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Bloomberg's Adam Satariano took at look at some of the companies that would be hurt if Apple's guidance is tepid next week.
- Cirrus Logic. It makes audio chips for Apple's iPhones and iPads. It already pre-announced a bad quarter, with bad guidance. It tanked, and it dragged down Apple. It can get worse is Apple has bad news.
- Hon Hai. The parent company of Foxconn, which makes iPhones and iPads. It also makes a lot of other stuff from companies like HP, Microsoft, and Amazon. But, the iPhone has been a big account. If the iPhone slows, then it's potentially bad for Foxconn.
- Jabil Circuit Inc. It makes components and gets 13% of its revenue from Apple.
- Broadcom. Apple uses Broadcom Wi-Fi and cellular chips. If iPhone sales slow, then Broadcom's Apple sales slow. Bloomberg says 15% of its revenue is from Apple.
- Flextronics International Ltd. It does design, logistics, and manufacturing. Bloomberg says 8% of its sales come from Apple.
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