Apple (AAPL) -1.2% after Cirrus Logic (CRUS), which gets over half of its revenue from the...

Apple (AAPL) -1.2% after Cirrus Logic (CRUS), which gets over half of its revenue from the company, issues a revenue warning for the March and June quarters (FQ4 and FQ1). Though Cirrus' FQ4 revenue forecast of $206.9M is only a little below a $210.2M consensus, its FQ1 forecast of $150M-$170M is well below a $195.2M consensus. The audio codec chipmaker also says it will take a $23.3M write-down, $20.7M of which is due to "a decreased forecast for a high volume product" as a customer (quite possibly Apple) migrates to a new component (could be a sign of a new iPhone). SWKS -2.2%. QCOM -0.9%.

From other sites
Comments (8)
  • pat45
    , contributor
    Comments (449) | Send Message
    watching AAPL to buy...CRUS did poor inventory management before they made new chip..of course aapl and others wants new chip not old one for phones...that does not mean aapl did anything wrong!! they have so much cash and huge earns--street doin what it can to drive it down--then will pop it--just like bby, hpq, deck, skx lulu others
    17 Apr 2013, 12:17 PM Reply Like
  • Brian Barbour
    , contributor
    Comments (1305) | Send Message
    how many times to people need to be told by Cook that the supply chain is far more complex than any other company and investors should not worry with fluctuations in orders to these suppliers...
    17 Apr 2013, 12:29 PM Reply Like
  • TwistTie
    , contributor
    Comments (2429) | Send Message
    More than they already have been.
    17 Apr 2013, 12:42 PM Reply Like
  • MrAllister
    , contributor
    Comments (107) | Send Message
    People just don't understand how complex Apple's supply chain really is. It is far to big to accurately determine demand by talking to only one source. If you want to see the demand for Apple products, just go see how busy your local Apple Store is.
    17 Apr 2013, 01:13 PM Reply Like
  • yardley hank
    , contributor
    Comments (10) | Send Message
    When an analyst doesn't really have insight, it's easier to play the supply chain intel game.


    But then there was the buying-to-open of over 7,000 put contracts last week at $220 strike that expire this week. Apple had to drop under $217 for break-even. Nice bet, or planned "event"?
    17 Apr 2013, 12:41 PM Reply Like
  • wiesje
    , contributor
    Comments (2846) | Send Message
    @ yardley: this is a bear move by the Trade to try and break the stock , to get it to a lower level. they buy these puts in big volume, not anticipating the price gets there, but bcse the option-makers whom grant these puts have to delta-hedge and that brings selling to the market.
    they have done this at different levels , buying deep out of the money puts, short period in time value, to crack the stock , the trade did this also at 520 when the stock back then flirted for days with that level, until it finally cracked, they are doing it again here 100 $ lower and it's working.
    the next thing they will do is start gunning for the big stops by the last Hedge Funds, the ones which move over 3 year periods, i take it these stops are somewhat below 390/395, that will be the final wash-out probably taking the stock another possible 10% lower.


    that would complete the whole up and down move - the past Jobs area -


    then they can go and concentrate on another stock, my wild guess AMZN .
    17 Apr 2013, 01:07 PM Reply Like
  • jackm1
    , contributor
    Comments (83) | Send Message
    So glad sold 300 strike puts on AAPL three months ago.........praise the lord....
    17 Apr 2013, 01:15 PM Reply Like
  • Ninja Trader
    , contributor
    Comments (1731) | Send Message
    Jackoff...good for you.
    17 Apr 2013, 02:37 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs