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Jim Cramer Unconcerned with Slashed Revenue on Apple Suppliers

Some investors are starting to sweat after the recent turn of events surrounding Apple and its suppliers, but Jim Cramer isn’t one of them.

The semiconductor company Cirrus Logic, which makes audio chips for the iPhone, recently slashed their revenue estimates from $360-$400 million to $300-$340 million. Their stock dropped roughly 5.5% immediately after their announcement, and this revelation isn’t doing Apple any favors either.

Apple has had a very rough year. Interest in Apple products has declined, their recent iPhone models have all been poorly received, sales have been disappointing, they’ve hit a bear market, and Cirrus Logic is one of several Apple supplies to have slashed their revenue estimates. Investors are beginning to lose faith in Apple, particular over the revenue slashings of suppliers, but MSNBC’s Jim Cramer, host of ‘Mad Money’, isn’t worried.

Jim Cramer was recently asked about how he felt about Apple supplies and the decreased revenue estimates for Apple. Cramer stated that unless the shortfall was dramatic, then it’s not as big a concern as it is being made out to be. Apple’s entire year has had ups and downs, but the juggernaut has still managed to more than stay afloat. It will take more than a few Apple suppliers lessening their expectations of Apple for the company to relinquish its top spot on the market.

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