OmniVision makes image sensors, and this has become a very important niche as smartphones and now even tablets raise the bar when it comes to the quality of their cameras. The stock’s been volatile in recent quarters as cutthroat competition has driven down margins, but OmniVision’s fundamentals were starting to bounce back. Revenue more than doubled in its latest quarter. However, if smartphones and tablets aren’t selling well, it’s naturally assumed that OmniVision will be weak.
Apple’s bandwagon gets a flat tire
You can expect these companies to continue to follow the lead set by consumer tech in general and Apple in particular.
It won’t just be Apple Inc. (NASDAQ:AAPL) rooting for a strong report tomorrow.
The article 3 Apple Plays That Tanked Last Week originally appeared on Fool.com.
Longtime Fool contributor Rick Munarriz has no position in any stocks mentioned. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple and Cirrus Logic.
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