“Apple iPhone chip supplier Skyworks Solutions reported its second straight quarter of accelerating earnings growth after Thursday’s market close,” Ed Carson reports for Investor’s Business Daily. “Skyworks earned $1.57 a share. up 27%. Revenue rose 20% to $900.8 million.”
“Skyworks sees Q4 EPS of $1.75 on revenue of $980 million,” Carson reports. “Analysts polled by Zacks Investment Research expected EPS of $1.73 and sales of $973 million.”
“Skyworks is one of the first Apple chip stocks to report, providing an early indication for other iPhone suppliers such as Broadcom and Texas Instruments, as well as Apple itself,” Carson reports. “Apple won’t report until Aug. 1. Apple was down 0.45% to 150.34, ending a rally of nine straight sessions. Apple is back above its 50-day line and approaching a 156.75 buy point. ”
Read more in the full article here.
MacDailyNews Take: It’s not disclosed, but analysts roughly estimate that Apple accounts for 40-45% of Skyworks’ revenue, so this report likely bodes well for Apple!
SEE ALSO:
Will Apple’s August 1st earnings report finally deliver some good news for iPad? – July 13, 2017
Apple to release Q317 earnings, webcast live conference call on August 1st – July 6, 2017
Wired reviews Apple’s new iPad: Offers plenty for just $329 – May 8, 2017
The Daily Express reviews Apple’s new iPad: ‘World’s greatest tablet just got more affordable’ – April 22, 2017
Macworld reviews iPad (2017): With a stripped-down iPad for $329, you may not need to go pro – April 10, 2017
Ars Technica reviews Apple’s $329 iPad: ‘For people who have never upgraded’ – April 6, 2017
It’s just plain old iPad, and it’s cheap – starting at just $329! – April 3, 2017
Apple’s new iPad is actually more than ‘just’ an iPad Air – March 30, 2017
Apple unveils new 9.7-inch iPad starting at new low price of just $329 – March 21, 2017
Careful SkyWorks. Don’t be the next Imagination Technologies.
How is it that Skyworks can report good growth but Apple can’t? Everyone says Apple has near-zero growth prospects.