Though Apple surged to new 52-week highs yesterday in the wake of a sales and earnings beat as well as stronger-than-expected iPhone print, a pair of chip suppliers are lower today due to the guidance provided in their Wednesday afternoon reports. The reasons behind their subdued outlooks provide some good lessons about why strong numbers from Apple — or for that matter, Samsung — don’t always spell the same for major suppliers.
Category: Cirrus Logic
Friday’s ETF Movers: SOXX, XBI
In trading on Friday, the iShares PHLX Semiconductor ETF is outperforming other ETFs, up about 1.5% on the day. Components of that ETF showing particular strength include shares of Skyworks Solutions , up about 12.9% and shares of Cirrus Logic , up about 5.4% on the day.