Seeking Alpha

Are wireless chip stocks decoupling from Apple? Even with Apple off slightly as bleak June...

Are wireless chip stocks decoupling from Apple? Even with Apple off slightly as bleak June quarter guidance outweighs fresh capital returns, iPhone/iPad combo chip supplier Broadcom (BRCM +6.6%) is surging thanks to a Q1 beat and strong Q2 guidance, and is helping out some peers - QCOM +1.4%, SWKS +2.6%, INVN +1.8%, SNDK +1%. During its earnings call, Broadcom, which also provides combo chips for many Samsung phones, stated mobile chip sales only fell 1.6% Q/Q in seasonally weak Q1, and forecast sequential growth for the business (Apple-dependent Cirrus Logic sure isn't doing the same). Qualcomm reports after the close.
Comments (4)
  • I don't think INVN is even an Apple supplier, so I'm not sure why it's on this list. It certainly was oversold, though: http://seekingalpha.co...
    24 Apr 2013, 12:42 PM Reply Like
  • They're not an Apple supplier. But they are a smartphone/tablet chip supplier.
    24 Apr 2013, 12:44 PM Reply Like
  • Interesting... Who's to say INVN doesn't come out at earnings (next Friday) and announce a chip deal with Apple...
    24 Apr 2013, 01:12 PM Reply Like
  • Wedge Partners reported last month they'll be a motion sensor supplier for the iPhone 5S. But I wouldn't expect an announcement, since Apple demands suppliers stay tight-lipped.

     

    http://seekingalpha.co...
    24 Apr 2013, 02:33 PM Reply Like
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