“Shares of Apple Inc rose 1 percent on Thursday after German supplier Dialog Semiconductor Plc said its quarterly revenue were higher than expected, adding to recent enthusiasm about demand for the newest iPhone,” Noel Randewich reports for Reuters.
“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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