Tag Archives: swks

Apple Chips Implode; Qorvo, Cirrus Logic Lower Views

Apple (AAPL) and its chip suppliers were walloped after the close Thursday, as Qorvo (QRVO) and Cirrus Logic (CRUS) updated their Q3 sales views, guiding far below Wall Street forecasts due to holiday season mobile weakness. In after-hours trading, Qorvo and Cirrus Logic stocks were down 10% and 5%, respectively. Shares of Skyworks Solutions (SWKS) and Avago Technologies (AVGO) were down about 4%, with NXP Semiconductors (NXPI) stock down 2.5%.

Apple iPhone ‘Overhang’ Slugs Qorvo, Skyworks

Like dominoes, a sixth analyst since Monday pared his 2016 Apple (AAPL) iPhone estimates Thursday, while also cutting forecasts for Apple chip suppliers Skyworks Solutions and Qorvo. Needham analyst N. Quinn Bolton models a 5% year-over-year decline to 220 million iPhones shipped in Apple’s fiscal 2016, ending in late September, vs. prior estimates for a 6% jump to 245 million units. Bolton also remodeled his forecast for Skyworks (SWKS) and

Apple iPhone 7 Win Leapfrogs Taiwan Semiconductor

Taiwan Semiconductor Manufacturing (TSM) will leapfrog foundry rival Samsung in 2016 on Apple’s (AAPL) A10 processor and the smartphone titan’s iPhone 7 ramp, expected next September, Credit Suisse and Pacific Crest analysts said separately on Friday. Meanwhile, weak iPhone 6S series demand continues to plague Apple chip suppliers InvenSense (INVN), Qorvo (QRVO), Skyworks Solutions (SWKS), Synaptics (SYNA) and Cirrus Logic (CRUS), Pacific Crest