“After a brutal third quarter, Apple suppliers like Skyworks Solutions and Qorvo are up — a lot,” Al Root reports for Barron’s. “The case is getting clearer that the worst of the iPhone sales decline is over.”
“Skyworks and Qorvo dropped 26% and 21%, respectively, in the fourth quarter of 2018 after both companies’ sales forecasts disappointed—and worried—Wall Street,” Root reports. “Wednesday was a different story. Skyworks stock was up 12% by midday. Qorvo shares jumped 5%.”
Root reports, “The next bit of data from Apple’s supplier network will come after the market closes on Thursday, when Qorvo reports numbers.”
Read more in the full article here.
MacDailyNews Take: Hopefully!