29% drop on Apple news but...12 Nov 2018 17:18
"IQE is now qualified with 24 VCSEL chip companies and we estimate that only three or four of these are, or will become, Apple suppliers. This leaves around 20 suppliers for the Android ecosystem and many other, potentially much larger, non-smartphone markets."
The tech has many other applications and a temporary drop in revenue shouldn't wipe hundreds of million £ off the valuation.