Apple (AAPL) and Samsung chip supplier Qorvo (QRVO) gapped up on Thursday after the company reported view-topping Q4 results and guidance late Wednesday. Qorvo is benefiting from “explosive” demand for mobile data and growth in data traffic as smartphone sales, led by the Apple iPhone and Samsung Galaxy, continue to boom. The stock surged 9.1% to 75.36 shortly before the closing bell on the stock market today, retaking its 50-day moving average.
NXP Semiconductors (NXPI), whose communication chips are in the Apple (AAPL) iPhone and Apple Watch, said its secure element technology will be incorporated into the Samsung Galaxy S6 in China for mobile payment solutions. Samsung Pay — the phone’s mobile payment feature and Apple Pay peer — will utilize the SmartMX secure element, which protects and encrypts data. Unlike Apple Pay, the e-pay system works with both near-field communication (NFC)
Yelp (YELP) stock shot up Thursday on unconfirmed media reports that the crowdsourced online ratings review site is exploring a sale, with one analyst speculating that Apple (AAPL) could be a potential buyer. San Francisco-based Yelp is working with investment bankers and has been in touch with potential buyers in recent weeks, according to a report in Thursday’s Wall Street Journal. With a market capitalization of $2.9 billion, the company