When Apple slumps on iPhone estimate cuts, it's not surprising component suppliers are doing the...

|By:, SA News Editor

When Apple slumps on iPhone estimate cuts, it's not surprising component suppliers are doing the same. Cirrus Logic (CRUS -6.2%) and Skyworks (SWKS -7.3%) are the biggest victims, but OmniVision (OVTI -2.4%), TriQuint (TQNT -2.6%), Broadcom (BRCM -3.1%), and Qualcomm (QCOM -1.4%) aren't unscathed either. Avago (AVGO -1.9%) is off in spite of receiving an upgrade to Buy from Goldman, which cites a low valuation and an expected cyclical pickup in networking/industrial chip demand.