Apple supplier Dialog Semiconductor lost up to 19 percent of its stock value by simply mentioning the possibility that Apple could begin designing its own power-management chips, Reuters reports. CEO Jalal Bagherli said there was no risk to existing supply deals for 2018 and that the company was already in the process of working with Apple on “2019-type products” that could lead to new contracts by March, but investors became panicked by his admission that, “Apple has the resources and capability to internally design a PMIC and could potentially do so in the next few years.” Apple accounts for more than half of Dialog’s revenue, and the company has proved that it can be devastating for a supplier to lose its Apple deals. Apple severing ties with Imagination Technologies essentially cut that company’s revenue in half, and has led Imagination’s CEO to float the possibility of legal action if Apple’s new graphics chips infringe on his company’s patents.
Latest News
- Spigen’s AirPods Pro clear cases are 50% off
- Apple stops iOS 14.4.1 signing
- Leaker reveals bigger screen for Apple Silicon iMac
- Apple SVP hardware engineering spot goes to John Ternus in leadership page update
- Apple shuts down Apple Stores in France following lockdown
- Achieve a laptop setup with the Folio touch iPad keyboard case, now $13 off
- App Store spend for US iPhone users rise in 2020
- Apple Arcade now has 180+ games for subscribers
- iOS 14.5 to have new Siri voices
- Tim Cook says technology ‘Key’ to easier voting