Apple (APPL US) issued a profit warning post close on Tuesday afternoon. WSJ writes;

Apple lowered its sales forecast for its fiscal first quarter, a rare revision to its guidance, blaming slowing sales of smartphones and other devices in China.

Mr. Cook said Apple anticipated challenges in key emerging markets, but didn’t expect the magnitude of the economic deceleration, especially in China. A contraction in the region’s smartphone market was particularly sharp, he said.

“Most of our revenue shortfall to our guidance, and over 100% of our year-over-year worldwide revenue decline, occurred in Greater China across iPhone, Mac and iPad,” Mr. Cook wrote.

We have previously brought up various suppliers of Apple that have risk of getting hit if Apple stumbles. Below is a brief list of those and other companies that might be affected by Apple’s profit warning and could give interesting trading opportunities.

US Based:

Analog Devices (ADI US)

Broadcom (AVGO US)

Cirrus Logic (CRUS US)

Intel (INTL US)

Jabil (JBL US),

Lumentum (LITE US)

Micron (MU US)

Skyworks (SWKS US)

STMicroelectronics (STM US)

Qorvo (QRVO US)

Qualcomm (QCOM US)

Taiwan Semiconductor Manufacturing (TSM US)

Universal Display (OLED US)


European Based:


Dialog Semiconductor (DLG GY)

Infineon (IFX GY)



Asia Based:

AAC Technologies (2018 HK)

ASE Technology Holding (3711 TT)

Flexium Interconnect Inc (6269 TT)

Hon Hai Precision (2317 TT)

Japan Display (6740 JP)

Largan Precision (3008 TT)

LG Display (034220 KS)

Luxshare (002475 CH)

Murata (6981 JP)

Nidec (6594 JP)

Pegatron (4938 TT)

Samsung Electro-Mechanics (009150 KS)

Suzhou Anjie Technology (002635 CH)

Wistron Corp (3231 TT)