IPHONE SUPPLIER DELIVERS BAD NEWS FOR APPLE $AAPL $ARMH
The designer of processors for Apple’s iPhone, United Kingdom-based ARM Holdings, reported earnings Tuesday in a mostly positive call, but there was one comment with regard to a drop in future high-end smartphone sales that may give potential buyers of Apple pause.
The reason I pay a lot of attention to the details of ARM Holdings’ UK: ARM business is because such details provide one of the most reliable independent data sets about smartphones, especially about Apple AAPL. About 95% of the world’s smartphones have an ARM processor.
After adjusting for extraordinary items, earnings for ARM Holding came at GBP0.05 compared to consensus of GBP0.06; revenues came at GBP189.1 million vs.… Please click here or the title below to read more.