Mobile phone sales will come in well below normal seasonality in Q2 and Q3, predicts Raymond...

|By:, SA News Editor

Mobile phone sales will come in well below normal seasonality in Q2 and Q3, predicts Raymond James' Tavis McCourt. Nonetheless, McCourt, who's far from alone in expressing such a view, expects sales to rebound sharply in Q4 with the help of new phone launches. As a result, he thinks Q2 could represent a bottom for chipmakers such as Qualcomm (QCOM), Skyworks (SWKS), and RF Micro (RFMD), whose shares have already been hit by reports of order cuts.