Analog Devices, Inc. reports fiscal fourth quarter earnings in Tuesday’s pre-market, potentially offering actionable insight into the Apple Inc. supply chain and the participation of suppliers in the iPhone X’s success or failure. Many of these suppliers’ stocks have posted mixed results so far in 2017, failing to match the tech icon’s breakout to an all-time high while highlighting growing risk if iPhone X sales fail to please shareholders.
Analog Devices CEO Vincent Roche is quick to point out that the company is more than an Apple supplier, manufacturing a variety of innovative products that include autonomous driving chip sets, but market players understand that the Cupertino connection has a major impact on Analog Devices’ share price. The same holds true with Skyworks Solutions, Inc. and Cirrus Logic, Inc. , filling out a trio of blue-chip suppliers vulnerable to its master’s product development. (See also: 10 Major Companies Tied to the Apple Supply Chain.)
Analog Devices’ earnings report on Tuesday morning may offer actionable insight on Apple’s iPhone X rollout. …read more
Read more here: Will Apple Suppliers Join iPhone X Rally?
Category: AAPL, ADI, CRUS, SWKS