Apple suppliers Cirrus Logic Inc and Qorvo Inc estimated third-quarter revenue below analysts’ expectations, exacerbating fears about softening iPhone demand.<\/p>\n
Cirrus shares slumped 9.5 percent to $24.25 in after-market trading on Thursday, while Qorvo’s fell 12.4 percent.<\/p>\n
Cirrus said it expected third-quarter revenue of about $347 million, well below analysts’ average estimate of $385.9 million, according to Thomson Reuters I\/B\/E\/S.<\/p>\n
Chipmaker Qorvo said it expected third-quarter revenue of about $620 million, well below the average analyst estimate of $723.7 million.<\/p>\n
Japanese daily Nikkei, citing parts suppliers, said output of the iPhone 6S and 6S Plus models would be cut by about 30 percent in the January-March time frame so dealers could offload stock.<\/p>\n
(This story corrects the first paragraph to say Cirrus and Qorvo estimated third-quarter, not current-quarter, revenue below analysts’ expectations. It also corrects the headline to conform.)<\/p>\n","protected":false},"excerpt":{"rendered":"
Apple suppliers Cirrus Logic Inc and Qorvo Inc estimated third-quarter revenue below analysts’ expectations, exacerbating fears about softening iPhone demand. Cirrus shares slumped 9.5 percent to $24.25 in after-market trading on Thursday, while Qorvo’s fell 12.4 percent. Cirrus said it expected third-quarter revenue of about $347 million, well below analysts’ average estimate of $385.9 million, … Continue reading “7 Reasons Abraham Lincoln Would Be Great At Google Hangout”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":57,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,1],"tags":[19],"class_list":["post-45","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-category-7","category-uncategorized","tag-google-hangout"],"_links":{"self":[{"href":"https:\/\/ampforwp.com\/demo\/newspapertheme-demo\/wp-json\/wp\/v2\/posts\/45","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ampforwp.com\/demo\/newspapertheme-demo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ampforwp.com\/demo\/newspapertheme-demo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ampforwp.com\/demo\/newspapertheme-demo\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ampforwp.com\/demo\/newspapertheme-demo\/wp-json\/wp\/v2\/comments?post=45"}],"version-history":[{"count":0,"href":"https:\/\/ampforwp.com\/demo\/newspapertheme-demo\/wp-json\/wp\/v2\/posts\/45\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ampforwp.com\/demo\/newspapertheme-demo\/wp-json\/wp\/v2\/media\/57"}],"wp:attachment":[{"href":"https:\/\/ampforwp.com\/demo\/newspapertheme-demo\/wp-json\/wp\/v2\/media?parent=45"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ampforwp.com\/demo\/newspapertheme-demo\/wp-json\/wp\/v2\/categories?post=45"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ampforwp.com\/demo\/newspapertheme-demo\/wp-json\/wp\/v2\/tags?post=45"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}