While some folks are attributing Apple’s stock resurgence to talk about the new iPhone, the real reason might be guidance from one of the company’s most important suppliers, “Mad Money” host Jim Cramer said Tuesday.
“Cirrus Logic, like every other company that does a ton of business with Apple, isn’t allowed to talk about Apple or they risk losing all of that business,” he said.
Yet the company said it expects a 70 percent jump in revenue from the previous quarter.