The iPhone makes and breaks entire companies

Yesterday, Imagination Technologies, the company responsible for designing the graphics chips inside Apple's iPhone, notified the world that it would be losing that job at some point within the next two years. Swiftly, the stock market reacted by scything a full two-thirds off Imagination's stock price.
Live by the iPhone, die by the iPhone. https://t.co/lv0wpOtKn1 pic.twitter.com/0b3caAinI3— Vlad Savov (@vladsavov) April 3, 2017My initial reaction was to feel sick on behalf of Imagination