Apple (AAPL) chip supplier Cirrus Logic (CRUS) smashed analysts’ fiscal Q2 2016 earnings and revenue forecasts when it reported late Wednesday. In response, shares continued flying after hours on Wall Street. Cirrus Logic stock closed up 7.7% for the day at 31.62 and was up nearly 5% in early after-hours trading. NXP Semiconductors (NXPI) stock, which also supplies chips for the iPhone 6S series, closed up fractionally ahead of its fiscal Q3
Better-than-expected Apple (AAPL) earnings late Tuesday lifted the iPhone maker’s chip suppliers in the stock market today. Cirrus Logic (CRUS), Qorvo (QRVO), Skyworks Solutions (SWKS) and NXP Semiconductors (NXPI) all fell sharply Monday as Germany’s Dialog Semiconductor, which makes power-management integrated circuits for the iPhone, issued weak fourth-quarter revenue guidance. But Apple allayed some of those fears with its fiscal Q4 beat and
Apple (AAPL) investors breathed a sigh of relief when the iPhone maker reported better-than-expected September-quarter earnings results and guided its current-quarter outlook largely in line with views. Apple stock was up more than 3%, near 119, in late-afternoon trading on the stock market today. Apple is facing difficult comparisons to last year’s blow-out iPhone 6 sales cycle. Investors were worried that Apple might post its first