According to a report in Taiwan’s Economic Daily newspaper Apple has tapped its iPhone suppliers to be ready to supply up to 78 million units by the end of 2016 – well above the 65 million iPhone 7s analysts are forecasting. Pay attention to the chatter TheStreet’s Action Alerts PLUS Portfolio Manager Jim Cramer says. ‘This paper has proven to be very accurate in the past when iPhone sales would drop.’ This is why you’re seeing really good action in NXP Semiconductors , an Action Alerts name, Broadcom and Skyworks . Cramer doesn’t expect a good quarter from Apple which means if you’re in the stock for ‘hot money’ you’ll be wrong, but he likes the longer term.
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