Golden Apples: Suppliers benefit from Apple glitter
Another Apple supplier, ARM, is doing exceptionally well. The British company reported strong fourth-quarter profits of £33m, up 11 percent year on year and the stock is up nearly 4% at 617p this morning. Imagination Technologies, also British and partly owned by Apple, Intel and other tech companies, continues to surge in value.
Why is it that every company in the Apple diaspora is doing well while other tech companies, including Philips, reporting today, continue to suffer? Food for thought.