TheStreet
Published on 23 May 2016
According
to a report in Taiwan's Economic Daily newspaper Apple has tapped its
iPhone suppliers to be ready to supply up to 78 million units by the end
of 2016 - well above the 65 million iPhone 7s analysts are forecasting.
Pay attention to the chatter TheStreet's Action Alerts PLUS Portfolio
Manager Jim Cramer says. 'This paper has proven to be very accurate in
the past when iPhone sales would drop.' This is why you're seeing really
good action in NXP Semiconductors , an Action Alerts name, Broadcom and
Skyworks . Cramer doesn't expect a good quarter from Apple which means
if you're in the stock for 'hot money' you'll be wrong, but he likes the
longer term.
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