Analog Devices (NASDAQ: ADI) shares are volatile Monday morning as Evercore ISI analyst CJ Muse releases commentary noting ADI appears likely to lose Apple (NASDAQ: AAPL) business in OLED phone in 2017 compared with Muse's estimate for 2018.

The firm expects a decision in the coming weeks and says implications could be a loss of 12 percent on EPS/FCF by 2018. Downside is into the $70s for ADi shares and Texas Instruments (NASDAQ: TXN) is expected to outperform ADI until this news is reflected in ADI stock price.