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-0.00153206744326399 -0.00274318795177317 0.000385540028542107 0.00492724193545138 -0.00193577427943377 -0.00879879049431877 -0.0125532640706971 -0.0149553197459068
Stock impact report

Damp iPhone demand to pressure RF chipmakers, Morgan Stanley says [Reuters (UK)]

Skyworks Solutions, Inc. (SWKS) 
Last skyworks solutions, inc. earnings: 1/23 04:01 pm Check Earnings Report
Company Research Source: Reuters
Damp iPhone demand to pressure RF chipmakers, Morgan Stanley says | Reuters Reuters Staff 2 Min Read (Reuters) - Disappointing iPhone sales and a build up in Apple Inc’s ( AAPL.O ) inventory would continue to pressure radio frequency (RF) chipmakers such as Skyworks Solutions Inc ( SWKS.O ) and Qorvo Inc ( QRVO.O ), brokerage Morgan Stanley said on Monday. While the market for RF chips is expanding with the upgrade to 5G telecom networks from 3G/4G, iPhones account for more than a third of the market demand and a swing in Apple’s fortunes impacts RF chip makers more, analyst Joseph Moore said. “A miss in iPhone units shipments and big upticks in channel inventory points to additional supply chain cuts for the June quarter,” Moore wrote in a research note. Shares of Apple were up 1.5 percent in early trading, while Qorvo’s were little changed and Skyworks dipped 0.5 percent amid a decline in the broader market. Apple sold 77.3 million iPhones in the key holiday quarter, missing W Show less Read more
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