7 Companies Poisoned by Apple's Stock Slump
The iPhone 5 was the top-selling smartphone during Q4 2012 with 27.4 units, but as we roll further into 2013 the shine has definitely worn off. How do we know? Ask Apple's component suppliers, which are blaming weaker iPhone demand for their lackluster revenue forecasts. In fact, Reuters reports that the company has earned the nickname “Poison Apple” among its supply chain partners. It also doesn't help matters that Apple's stock price has fallen below $400 for the first time since 2011.
Here are seven big-name component suppliers that are feeling the pain from Apple’s slump.