The Traderszone Network

Published in TZ Latest News 28 January, 2015 by The TZ Newswire Staff

Shares in Apple suppliers leap on record results

Shares in European companies that supply parts to Apple Inc (AAPL.O) leapt on Wednesday after the tech giant reported the largest profit in corporate history, driven by record sales of iPhones and strong demand in China. Shares in British chip designer ARM (ARM.L) and Imagination Technologies (IMG.L), which supplies graphics processing to the U.S. group, rose between 3 and 4 percent at the open as investors cheered the news overnight. It not only provides Apple with chips but also Samsung, and they get all the royalties,” said Beaufort Securities sales trader Basil Petrides.

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