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iPhone suppliers rise after Apple's quarterly report

iPhone suppliers rise after Apple's quarterly report

iPhone suppliers rise after Apple's quarterly report
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By Reuters Jan 30, 2019 6:41:37 AM IST (Published)

Apple shares up 5.7 percent after the bell after co reported quarterly revenue of $84.3 billion, above reduced forecast of $84 billion on January 2, when the co warned of weakness in China.

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  • Shares of Apple suppliers up in extended trade after Apple’s quarterly results and guide prove not as bad as some expected.

  • Micron up 1.7 percent, Broadcom up 1.7 percent, Skyworks Solutions up 2 percent, Qorvo 1 percent higher.
  • Apple shares up 5.7 percent after the bell after co reported quarterly revenue of $84.3 billion, above reduced forecast of $84 billion on January 2, when the co warned of weakness in China.
  • At current level of $163.57, Apple has now more than recovered from the steep selloff caused by its revenue warning.
  • Apple said on Tuesday its current-quarter revenue would be between $55 billion and $59 billion, largely below consensus estimate of $58.8 billion, according to IBES data from Refinitiv.
  • As well, S&P 500 futures trading 0.26 percent higher, pointing to positive open in Wednesday’s session.
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