3 Apple Suppliers Investors Shouldn’t Worry About

3 Apple Suppliers Investors Shouldn’t Worry About

Apple's supply chain has been rankled by reports of disappointing demand for the new generation iPhones. Rosenblatt Securities, for instance, estimates that the iPhone 8's pre-orders have fallen behind the previous two generations thanks to weakness in Cupertino's top two markets of the U.S. and China.

Not surprisingly, shares of Apple suppliers that were supposed to enjoy windfall gains with the launch of the new devices are now retreating. The following chart makes it evident that the rumors surrounding the poor sales of the iPhone are having a depressive effect on Skyworks Solutions (NASDAQ: SWKS), Broadcom (NASDAQ: AVGO), and Cypress Semiconductor (NASDAQ: CY).

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Source: Fool.com