Dialog Semi Crashes Most In 16 Years As Apple "Black Swan Moment" Strikes Again
One week ago, when shares of the UK-based Imagination Technology crashed 70% overnight after Apple announced it would cease using the tech company's graphics technology for new products, including phones, tablets, and watches, in a push to insource key R&D as well as preserve capital, Neil Campling, head of technology research at Northern Trust Securities, said that "this is what we would describe as a black swan moment for the company and investors in Imagination."