Apple suppliers drop on Lumentum guide, iPhone target cuts
Nov. 12, 2018 10:49 AM ET|By: Brandy Betz, SA News Editor
Apple’s iPhone suppliers are dropping after peer Lumentum lowered guidance on cut shipments and analysts warned of soft iPhone sales.
On the move: Cirrus Logic ( CRUS -11%), Finisar ( FNSR -4.7%), II-VI ( IIVI -11.5%), STMicroelectronics ( STM -7%), Skyworks Solutions ( SWKS -4.5%), Qorvo ( QRVO -7%), Broadcom ( AVGO -6.8%), Micron ( MU -4.7%), Cypress Semi ( CY -3.6%), Texas Instruments ( TXN -2.5%), Amkor Tech ( AMKR -3%), Amphenol ( AMPH -4.4%), Analog Devices ( ADI -2.6%), Corning ( GLW -3.3%), Diodes ( DIOD -3.7%), Infineon ( OTCQX:IFNNY -9.1%), Intel ( INTC -2.1%), Jabil ( JBL -3.8%), KEMET ( KEM -9.8%), Knowles ( KN -9.9%), Maxim Integrated ( MXIM -1.7%), Microchip ( MCHP -2.3%), NXP Semiconductors ( NXPI -3.3%), ON Semi ( ON -4.6%), Qualcomm ( QCOM -2.7%), Seagate ( STX -2.2%), TSMC ( TSM -2.2%), Western Digital ( WDC -4.4%).
Apple’s supplier list (February 2018).
Previously: Cit steps to Skyworks sidelines (Nov. 12)
Previously: Citi trims Qorvo target (Nov. 12)
Previously: Finisar upgraded at Goldman, trimmed at Craig-Hallum after buyout deal (Nov. 12)
Previously: Lumentum drops Q2 guide on shipment cut (Nov. 12)
Previously: Apple slips after supplier cuts guidance (Nov. 12)
Previously: Analysts negative on iPhone shipments (Nov. 12)
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