Dialog suffers on report of Apple in-sourcing
April 13, 2017
By Peter Clarke (eeNews)
Dialog's share price fell by a third before recovering to about €40 after Bankhaus Lampe issued a research note that Apple was working on its own power management ICs (PMICs) for future iPhones that could replace Dialog PMICs in 2019.
Apple is thought to be Dialog's largest customer and responsible for as much as 60 percent of Dialog sales. Dialog's fill revenue in 2016 was about $1.2 billion, down 12 percent from 2015.
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