Sheep25 Jan 2018 12:18
Unfortunately people are looking at headlines of "IPhone X being cancelled" and coupled with a short attack we have had a perfect storm happen which has knocked the wind out of our sails.
People need to look at the facts:-
-Company growth is double digits
-Last update is pointing to no changes in growth
-"IPhone X cancel" is a rumour. The full article mentions new models with face recognition coming end of year so assuming IQE supplies this part(!) then they are embedded for the long term
Face recognition and the spin off money making from it will mean its here to stay. I can see this being rolled out to ipads, Imacs, apple TV, etc over the next few years.
You'll also see other manufacturers jump on this so more business for IQE. And this is only one product line for IQE!
I'm buying at this level for the long term as this could well be >�4 in few years as the world embraces all the high tech products.