“Skyworks Solutions, which is widely believed to be a supplier of radio-frequency chips for Apple iPhones and iPads, on Oct. 14 raised its guidance, forecasting revenue of $718 million for its Q4 ended on or near Sept. 30, up from its previous forecast of $680 million,” Perrault reports. “The Woburn, Mass.-based company also raised its guidance for earnings per share excluding items to $1.08 from $1.”
“Apple guided its own December-quarter revenue to $65 billion, which would be up 13% from the year-ago quarter and its biggest jump in two years, when it released its September-quarter results on Oct. 20. That outlook beat analysts’ $63.7 billion consensus,” Perrault reports. “‘For (Apple) suppliers, we believe the focus turns to company-specific content and associated production ramps for the holiday builds and product refreshes,’ Oppenheimer analyst Rick Schafer said in a research report last week. “‘We have a directionally positive bias on Skyworks (NASDAQ:SWKS), Broadcom (NASDAQ:BRCM) and Avago Technologies (NASDAQ:AVGO) content, and a directionally negative bias on Cirrus Logic (NASDAQ:CRUS).'”
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