Skyworks Solutions and Qorvo stocks jumped in late trading Thursday, after the Apple chip suppliers guided generally ahead of views for a holiday-season quarter in which iPhone sales could be hard-pressed to meet year-earlier unit sales. Both companies — which sell chips to other smartphone makers, among other customers — also beat or met expectations for last quarter. Qorvo (QRVO) stock was up 13% following its release, while
Lagging 2016 iPhone sales could slug shares of Apple (AAPL) chip suppliers Avago (AVGO), Qorvo (QRVO) and Skyworks Solutions (SWKS) while an on-the-cusp PC refresh might buoy Intel (INTC), MKM Partners found in a recent survey. Of 1,467 Americans surveyed, 19% said they planned to purchase a PC in the next three to six months vs. 17% last year. Only 24.8%, however, are on the smartphone hunt, down from 27.6% last year. ‘Samsung Losing, Apple Not
Better-than-expected Apple (AAPL) earnings late Tuesday lifted the iPhone maker’s chip suppliers in the stock market today. Cirrus Logic (CRUS), Qorvo (QRVO), Skyworks Solutions (SWKS) and NXP Semiconductors (NXPI) all fell sharply Monday as Germany’s Dialog Semiconductor, which makes power-management integrated circuits for the iPhone, issued weak fourth-quarter revenue guidance. But Apple allayed some of those fears with its fiscal Q4 beat and