Apple Supplier Qualcomm Downgraded Amid China Trouble

By | November 9, 2015

Scalper1 News

As Chinese negotiations continue to pummel Apple (AAPL) chip supplier Qualcomm (QCOM), another investment bank slashed its price target on the stock — at least the seventh to do so in a week. Last week, Qualcomm reported an 18% dip in September-quarter (fiscal Q4) sales to $5.5 billion and 91 cents earnings per share ex items, down 25% vs. the year-earlier quarter. The company also issued December-quarter guidance that missed Wall Street views. Scalper1 News

Scalper1 News