SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Semi Equipment Analysis
SOXX 312.76+1.1%Dec 8 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Julius Wong1/10/2024 9:17:21 AM
1 Recommendation

Recommended By
Return to Sender

  Read Replies (1) of 95536
 
Qualcomm, others in limelight as KeyBanc sees negatives for Apple supply chain

Jan. 10, 2024 8:52 AM ET
By: Chris Ciaccia, SA News Editor
shih-wei/E+ via Getty Images

Qualcomm (NASDAQ: QCOM), Broadcom (NASDAQ: AVGO), Skyworks Solutions (NASDAQ: SWKS) and other Apple (NASDAQ: AAPL) suppliers were in the limelight on Wednesday as KeyBanc Capital Markets said its First Look Data results painted a "slightly negative" picture for the tech giant's supply chain.

December's carrier survey said sell-through for the iPhone 15 line was "solid" in December, tracking largely in-line with expectations, the research firm said. The firm said demand for the iPhone 15 Pro and iPhone 15 Pro Max were "relatively strong" while demand for the iPhone 15 and iPhone 15 Plus were "solid," aided in part by holiday shopping.

And while there was a "slight" decrease in store inventories, inventories were still above the level from the prior year and the First Look Data showed weaker-than-seasonal sales of the iPhone, at 26% month-over-month and down 12% year-over-year.

The First Look Data also showed indexed spending rose 27% month-over-month in December, below the three-year average of 37%.

Qualcomm and Qorvo were fractionally higher in premarket trading on Wednesday while Broadcom and Skyworks were little changed. Apple shares fell 0.4% after they were hit with their third downgrade this month.

Apple is slated to report fiscal first-quarter results on February 1, with the conference call set for 5 p.m. EST.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News