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Stockreport

Apple Supplier Qorvo Cuts Guidance Due to the Coronavirus [The Motley Fool]

Apple Inc. (AAPL)  More Company Research Source: The Motley Fool
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Apple Supplier Qorvo Cuts Guidance Due to the Coronavirus Apple's iPhone chip supplier Qorvo joins the list of companies issuing earnings warnings related to the coronavirus outbreak. Apple ( NASDAQ:AAPL ) supplier Qorvo ( NASDAQ:QRVO ) , which makes radio frequency chips for the iPhone, is the latest to issue an investor warning for the current quarter due to the coronavirus. The chipmaker had expected revenue to come in between $800 million and $840 million for the March quarter but reduced that guidance to $770 million. Qorvo said the novel coronavirus outbreak has impacted the smartphone supply chain and customers' demand more than expected. The tech company also warned the full impact of the virus "remains difficult" to forecast. Qorvo's ultrawideband wireless technology, which it acquired through its acquisition of Decawave, is used in the iPhone 11 for its AirDrop capability. Qorvo's chips are expected to be in the lower-cost iPhone that Apple is rumored to be launching this [Read more]
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Stockreport

Apple Supplier Qorvo Cuts Guidance Due to the Coronavirus [The Motley Fool]

Apple Inc.  (AAPL) 
More Company Research Source: The Motley Fool
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Apple Supplier Qorvo Cuts Guidance Due to the Coronavirus Apple's iPhone chip supplier Qorvo joins the list of companies issuing earnings warnings related to the coronavirus outbreak. Apple ( NASDAQ:AAPL ) supplier Qorvo ( NASDAQ:QRVO ) , which makes radio frequency chips for the iPhone, is the latest to issue an investor warning for the current quarter due to the coronavirus. The chipmaker had expected revenue to come in between $800 million and $840 million for the March quarter but reduced that guidance to $770 million. Qorvo said the novel coronavirus outbreak has impacted the smartphone supply chain and customers' demand more than expected. The tech company also warned the full impact of the virus "remains difficult" to forecast. Qorvo's ultrawideband wireless technology, which it acquired through its acquisition of Decawave, is used in the iPhone 11 for its AirDrop capability. Qorvo's chips are expected to be in the lower-cost iPhone that Apple is rumored to be launching this [Read more]
IMPACT SNAPSHOT
EVENT TIME:
AAPL
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS