Apple Inc.'s iPhone 8 Has China-Based Smartphone Vendors Scared
One of the reasons I enjoy following Apple (NASDAQ: AAPL) supplier stocks is that such companies, particularly those with high exposure to Apple, can often provide valuable insights into Apple's business as well as Apple's impact on the overall smartphone industry.
Japan Display is one of those companies. It's a key manufacturer of liquid crystal displays that are used in Apple's iPhones and derived more than 80% of its revenue last quarter from mobile display sales. In going over Japan Display's earnings press release and accompanying presentation, I saw something that investors in Apple, as well as general smartphone industry watchers, might find useful.
Image source: Apple.
Source: Fool.com
Apple Inc. Stock
€215.40
0.160%
Currently there is a rather positive sentiment for Apple Inc. with 140 Buy predictions and 13 Sell predictions.
On the other hand, the target price of 214 € is below the current price of 215.4 € for Apple Inc., so the potential is actually -0.65%.
