SHOCKING! More key Apple suppliers cut revenue forecasts

SHOCKING! More key Apple suppliers cut revenue forecasts


Two Apple providers checked expectations Thursday would be below estimates in the latest of a sequence of provider woes that have dimmed the glow of the technology giant on Wall Street.

Preciseness circuit manufacturer Cirrus Logic announced preliminary fiscal third quarter net sales of about $347 million, falling short of the $386 million forecast by analysts at Thomson Reuters. And RF solutions firm Qorvo and center technologies reduced earnings expectations because of its fiscal third quarter down to $620 million, versus its initial guidance of $720 million to $730 million.

Shares of both companies fell in after-hours trading, with Qorvo finding a 10.5 percent decrease and Cirrus dropping almost 5 percent.

Meanwhile, technology titan Apple saw its stock tumble yet again, finishing down 4.2 percent Thursday, and continuing to fall in after-hours trading.

Dialog Semiconductor, another crucial Apple provider, also cut its fourth quarter earnings outlook leading numerous analysts to slash at their unit sales goals that are iPhone. Before this week, as estimated from the Japanese monetary news service Nikkei, supply chain tests suggested a 30 percent decrease in generation of Apple’s iPhone 6S and 6S Plus between January and March.

Along with this, recent stock exchange volatility in China strike on Apple close to the epicenter of among its fastest-growing markets.

“The anxiety is, does this flow to the customer marketplace over there and impact iPhone sales?” But that is definitely the proper problem to get, given how important China will be to Apple.”

The firms failed to immediately react to the request of CNBC for opinion.