Seeking Alpha

Apple suppliers jump on iPhone data, guidance revision

  • Apple suppliers are responding well to news weekend iPhone sales topped 9M (well above estimates of 5M-6M), and that Apple now expects its Sep. quarter revenue to be at the high end of a guidance range of $34B-$37B.
  • CRUS +5.7% premarket. QCOM +1.8%. BRCM +2.4%. SWKS +3.2%. TQNT +4.4%. AVGO +3.3%.
  • RF Micro (RFMD) +6.6% thanks to both Apple's news and a Canaccord note indicating the company has grown its RF content share in the iPhone 5S/5C relative to the iPhone 5.
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