The tech electronics supply chain — an “amorphous collection of manufacturers, many located in Asia” — is barely showing year-to-year growth and would be in the red if it wasn’t for Apple, according to a research note today from Citibank analyst Jim Suva, as reported by “CNET.”

“Projected annual sales growth in the supply chain has slowed significantly and is expected to be +1.5% y/y in June, well below the 5-year and 10-year averages of +4.2% year-over-year and +6.8% year-over-year, respectively,” Suva tells clients. “… Year over year, Apple on a dollars basis is expected to [be] outgrowing overall tech supply chain in the June quarter or, in other words, without Apple the supply chain is actually shrinking.”

Read more at http://news.cnet.com/8301-1001_3-57438846-92/without-apple-supply-chain-shrinking-says-analyst/?part=rss&tag=feed&subj= .