UPDATE: Apple, Suppliers Weaken Following Two Cautious Reports (AAPL) (AVGO) (CRUS) (SWKS)

September 23, 2016 2:02 PM EDT

Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.
(Updated - September 23, 2016 3:02 PM EDT)

Apple (Nasdaq: AAPL) and suppliers including Cirrus Logic, Inc. (NASDAQ: CRUS), Broadcom Ltd. (NASDAQ: AVGO) and Skyworks Solutions (NASDAQ: SWKS) declined Friday on concerns about disappointing iPhone sales.

This morning a DigiTimes report said iPhone chip orders are likely to fall in the first quarter of 2017. A later report from GFK suggested the iPhone 7 and 7 Plus launch in Europe and other areas is down 25% compared to the iPhone 6s and 6s Plus.

Apple was set to close lower by 1.75%, Cirrus was down 4.5%, Broadcom was lower by 1.4%, and Skyworks was off by 3% on Friday heading into the market close.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Momentum Movers, Rumors, Trader Talk

Add Your Comment