- Apple (NASDAQ:AAPL) supplier Pegatron (OTC:PGTRF) is optimistic about high-end phone demand in 2018.
- Pegatron CEO S.J. Liao recognizes that the overall smartphone market is slowing but doesn’t think his company will be affected.
- Pegatron makes the iPhone 8 while Foxconn / Hon Hai makes the iPhone X, the premium model rumored to have weaker-than-expected sales.
- Pegatron could receive more orders from Apple this year and could become the main supplier for the new 6.1-inch LCD iPhone KGI predicts will join two OLED models for a fall release.
- Speaking of KGI, analyst Ming-Chi Kuo also predicts that the next iteration of the iPhone will have Intel (NASDAQ:INTC) as the only cellular modem supplier, which would eliminate Qualcomm (NASDAQ:QCOM) from the supply chain.
- Apple could still send some orders over to Qualcomm as a negotiating tactic as the two companies remain in a bitter legal battle.
- Apple shares are up 1.8%.
- Intel shares are up 1.7%.
- Qualcomm shares are down 1.5%.
- Previously: Broadcom (NASDAQ:AVGO) confirms $82 per share offer for Qualcomm (Feb. 5)
- Now read: Apple: Long-Term Benefits From Repatriation Outweigh Soft Quarterly Guidance
Original article