“Apple accounted for about 80 percent of Dialog’s revenue last year, making the chipmaker’s results a potential indicator of iPhone sales,” Randewich reports. “‘We believe this is another confirming data point of stronger than expected iPhone demand, corroborating the U.S. carriers’ reports a few weeks ago,’ wrote Credit Suisse analyst Kulbinder Garcha in a note to clients on Thursday.”
“Dialog reported preliminary third-quarter revenue that was 13 percent above the mid-point of its own outlook range, and up 5 percent year over year,” Randewich reports. “Apple’s stock has surged 11 percent since mid-September, when T-Mobile US Inc and Sprint Corp reported strong preorders for the new handsets.”
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