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Why are tech giants ejecting their suppliers?
If you've invested in Imagination Technologies, then you recently got a shock. Shares in the UK based tech company plunged more than 60% after Apple said it would end a deal to use its products.
Imagination had produced graphics chips to power the iPhone. But now, Apple wants to move things in house.
Guy Shone, CEO of ExplaintheMarket, thinks Apple's decision fits a wider trend of consolidation in the tech industry - he spoke to Share Radio's Alex Clark:
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By Share Radio AfternoonIf you've invested in Imagination Technologies, then you recently got a shock. Shares in the UK based tech company plunged more than 60% after Apple said it would end a deal to use its products.
Imagination had produced graphics chips to power the iPhone. But now, Apple wants to move things in house.
Guy Shone, CEO of ExplaintheMarket, thinks Apple's decision fits a wider trend of consolidation in the tech industry - he spoke to Share Radio's Alex Clark: