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Lower iPhone sales in China weighed on Apple's results, and iPhone 8 anticipation on its guidance. But iPhone, Mac and services revenue was strong in many markets.
May kicks off with a busy first week filled with earnings, monetary policy and a snapshot of the health of the economy.
Apple already develops numerous chips for its own hardware. And recent reports about suppliers Dialog Semiconductor and Imagination Technologies suggest that Apple's ambitions continue to grow.
Apple's decision to drop Imagination Tech sent the chip designer's shares plummeting on Monday. Who else might be vulnerable?