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Damp iPhone demand to pressure radio frequency chipmakers: Morgan Stanley

Apple sold 77.3 million iPhones in the key holiday quarter, missing Wall Street expectations of 80 million


Disappointing iPhone sales and a build up in Apple Inc's inventory would continue to pressure radio frequency (RF) chipmakers such as Skyworks Solutions Inc and Qorvo Inc, brokerage Morgan Stanley said on Monday. While the market for RF chips is expanding with the upgrade to 5G telecom networks from 3G/4G, iPhones account for more than a third of the market demand and a swing in Apple's fortunes impacts RF chip makers more, analyst Joseph Moore said. "A miss in iPhone units shipments and big upticks in channel inventory points to additional supply chain cuts for the ...

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First Published: Mon, February 05 2018. 20:42 IST