Apple (AAPL) has lost over 30% of its value since last October due to concerns about the growth rate of iPhone sales. In turn, many of the company’s over 200 suppliers have seen their stocks crash in unison. Due to its immense size and the outsized media attention it receives, Apple tends to create a lot of noise that drags down all suppliers, regardless of the fundamentals of each business.

This major iPhone supplier, which currently earns 30% of its revenue from Apple, has many positive drivers that the market currently undervalues in the face of Apple doom and gloom.

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