Apple jumps as iPhone beats expectations, lifting Skyworks and other peers

Jul. 30, 2020 4:41 PM ETApple Inc. (AAPL), QRVO, SWKS, AVGOBy: Brandy Betz, SA News Editor358 Comments
  • Apple's (NASDAQ:AAPL) board of directors approves a 4-for-1 stock split, effective August 31. Shares are up 4.4% AH, pushing the stock above $400 for the first time.
  • Following last quarter's lead, Apple didn't provide guidance for the current quarter.
  • Fiscal Q3 results beat analyst estimates on the top and bottom lines, with revenue up 11% on the year to $59.69B.
  • Q3 revenue breakdown: iPhone, $26.4B (consensus: $22.20B); iPad, $6.6B (consensus: $4.8B); Mac, $7.1B (consensus: $6.03B); Wearables, Home and Accessories, $6.5B (consensus: $5.99B); Services, $13.2B (consensus: $13.13B).
  • Earnings call starts at 5 PM with a webcast here.
  • Press release
  • Suppliers gaining after the report include Qorvo (NASDAQ:QRVO) +1%, Skyworks (NASDAQ:SWKS) +1.3% and Broadcom (NASDAQ:AVGO) +1.3%.

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