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iPhone Suppliers Slide as Apple Cuts Forecast
iPhone Suppliers Slide as Apple Cuts Forecast
03 Jan 2019, 03:56 AM IST
(Bloomberg) -- Some Apple Inc. suppliers tumbled in post-market trading after the iPhone maker cut its first-quarter revenue forecast.
(Bloomberg) -- Some Apple Inc. suppliers tumbled in post-market trading after the iPhone maker cut its first-quarter revenue forecast.
Skyworks Solutions fell 4.2 percent, while Broadcom slid 2.4 percent and Qorvo dropped 1.1 percent. Universal Display declined 1.3 percent and Cirrus Logic was also indicated lower. Apple shares were halted and set to resume trading at 4:50 p.m.
To contact the reporter on this story: Catherine Larkin in Chicago at clarkin4@bloomberg.net
To contact the editors responsible for this story: Arie Shapira at ashapira3@bloomberg.net, Sebastian Silva
©2019 Bloomberg L.P.
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