Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Apple    AAPL

APPLE (AAPL)
Mes dernières consult.
Most popular
Report
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Apple suppliers gain after Broadcom hint on iPhone

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/07/2017 | 04:16pm CET
Apple iPhone X samples are displayed during a product launch event in Cupertino

Shares in Skyworks Solutions Inc (>> Skyworks Solutions), Cirrus Logic Inc (>> Cirrus Logic, Inc.), and Qorvo Inc traded higher on Thursday after fellow Apple supplier Broadcom Ltd (>> Broadcom Limited) hinted the late launch of iPhone X would help revenue rise.

Shares in Skyworks Solutions Inc (>> Skyworks Solutions), Cirrus Logic Inc (>> Cirrus Logic, Inc.), and Qorvo Inc traded higher on Thursday after fellow Apple supplier Broadcom Ltd (>> Broadcom Limited) hinted the late launch of iPhone X would help revenue rise.

"As we look into the first quarter 2018, unlike the last 2 years, we expect wireless revenue to continue to grow sequentially as the ramp in demand from our North American customer this year was pushed out compared to prior years," Broadcom CEO Hock Tan told a conference call on Wednesday.

Analysts say the 2017 performance of component suppliers to the California-based tech giant has been weighed down by Apple's decision (>> Apple) to push back the launch of the 10th anniversary iPhone until November.

Many have also said suppliers who support the phone's functionalities ranging from image and motion sensors to power management would see gains now that the phone has launched.

"I would expect stocks like SWKS, QRVO, CRUS to react positively today from AVGO (Broadcom) as well as the entire sector," said Loop Capital analyst Betsy Van Hees.

Shares of Skyworks were up 2 pct, while Cirrus rose 1.2 pct and Qorvo 1.9 pct in premarket trading on Thursday.

"While our fundamental thesis remains unchanged for QRVO and SWKS, for traders we wouldn't dismiss the opportunity for QRVO and SWKS to trade higher off this call," Cowen analyst Karl Ackerman wrote.

Earlier this week Ackerman said detailed field research on Apple production had pointed to better than expected iPhone builds for the fourth quarter of 2017 and first quarter of next year.

(Reporting by Munsif Vengattil in Bengaluru; editing by Patrick Graham)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on APPLE
06:51p APPLE : CEO Tim Cook makes 1st visit to Canada, visits Toronto students
06:12p APPLE : partners with Malala Fund to fight for girls' education
05:14p APPLE : Malala, Apple Chief Executive Meet in Beirut to Announce Education Partn..
03:15p APPLE : joins Malala Fund for girls` education in India, world
02:01p APPLE : Malala Fund team up to support girls in education
01:58p BEST RUNNING WATCHES 2018 : the perfect GPS companions for your workouts
10:20a APPLE : joins Malala Fund to empower girls’ education
09:19a APPLE : Planning New Campus in U.S., Repatriating Cash
06:01a APPLE : Teams with Malala Fund to Support Girls’ Education
01/21 Where Netflix goes, Big Tech may follow
More news
News from SeekingAlpha
03:25p Samsung Electronics 2018 Capex Could Be Bad For Competitors, Great For Suppli..
01:31p GENERAL ELECTRIC : Lessons In KISS Investing
01:08p Apple Bears Right On Time
12:54p Optioning For Profits
12:14p $2000 iPhone? - The Weight Of Memory - Part 2
Financials ($)
Sales 2018 273 B
EBIT 2018 74 853 M
Net income 2018 57 464 M
Finance 2018 162 B
Yield 2018 1,46%
P/E ratio 2018 15,64
P/E ratio 2019 14,65
EV / Sales 2018 2,76x
EV / Sales 2019 2,64x
Capitalization 916 B
Chart APPLE
Duration : Period :
Apple Technical Analysis Chart | AAPL | US0378331005 | 4-Traders
Technical analysis trends APPLE
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 39
Average target price 188 $
Spread / Average Target 5,1%
EPS Revisions
Managers
NameTitle
Timothy Donald Cook Chief Executive Officer & Director
Arthur D. Levinson Chairman
Jeffrey E. Williams Chief Operating Officer
Luca Maestri Chief Financial Officer, SVP & VP-Human Resources
Kevin M. Lynch Vice President-Technology
Sector and Competitors
1st jan.Capitalization (M$)
APPLE5.45%916 269
HP INC12.80%38 992
HEWLETT PACKARD ENTERPRISE11.98%25 630
SEAGATE TECHNOLOGY PLC25.76%15 224
LEGEND HOLDINGS CORP-21.59%8 390
LENOVO GROUP LIMITED2.03%7 009