- Dialog Semiconductor (OTCPK:DLGNF) is lower by 6.8% in European action after cutting its Q4 revenue outlook to $390M-$400M vs. the previous $430M-$460M.
- Even with the market getting incrementally cautious on Apple (AAPL) volumes, says Barclays (h/t Notable Calls), this warning is worse and earlier than any have so far forecast. Skyworks (SWKS) and Avago (AVGO) could be next.
- Deutsche weighs in as well, saying the warning confirms fears about iPhone 6S sell-through. Even lowered Street estimates for Q1 could prove optimistic.
- AAPL -1.1%, SWKS -1.9%, AVGO -1.1% premarket