S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Consumer Electronics

Apple Suppliers and Ecosphere Players Get Hit on Earnings

Photo of Jon C. Ogg
By Jon C. Ogg Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

iPhone_5_FrontBack
courtesy of Apple Inc.
By now you know the news that is driving Apple Inc. (NASDAQ: AAPL) lower and lower, but the earnings report and lower margins have an interesting side-effect here even if Apple is still growing. The margin pressures that Apple is facing and the notion that 61% of its sales are international sales now will likely create a scenario that is bad for the stocks that supply Apple and the companies in the ecosphere as Apple is likely to become even more predatory and intrusive on pricing. That means that suppliers of Apple’s competitors are likely to face pressure from end-user and OEM clients as well even if the companies do not supply components for Apple directly.

ARM Holdings PLC (NASDAQ: ARMH) is seeing its shares drop 2.6% to $39.10 against a 52-week range of $21.64 to $42.55.

Broadcom Corp. (NASDAQ: BRCM) is down over 2.4% at $33.90 against a 52-week range of $28.60 to $39.66.

Cirrus Logic Inc. (NASDAQ: CRUS) rose 3% to $29.95 today but its stock in the after hours session is down over 7% at $27.65 against a 52-week range of $19.73 to $45.49.

Jabil Circuit Inc. (NYSE: JBL) is down over 1% at $19.55 against a 52-week range of $16.82 to $27.40.

Micron Technology Inc. (NASDAQ: MU) now owns Elpida and it is down 0.9% at $7.68 versus a 52-week range of $5.16 to $9.16.

Nuance Communications, Inc. (NASDAQ: NUAN) is down only 1% at $23.15 against a 52-week range of $19.33 to $31.15.

OmniVision Technologies, Inc. (NASDAQ: OVTI) is down over 2% at $14.80 against a 52-week range of $11.82 to $21.12.

QUALCOMM Incorporated (NASDAQ: QCOM) is down over 2% at $63.65 against a 52-week range of $53.09 to $68.87.

SanDisk Corp. (NASDAQ: SNDK) was up after beating earnings but now shares are down 2.4% at $46.51 against a 52-week range of $30.99 to $52.64.

Skyworks Solutions Inc. (NASDAQ: SWKS) rose 5.2% to $21.83 on the day and shares are giving back the gains. Its stock is down 5.9% at $20.37 against a 52-week range of $19.21 to $31.44.

TriQuint Semiconductor, Inc. (NASDAQ: TQNT) is down 1.7% at $5.10 against a 52-week range of $4.30 to $7.26.

Even the key tech ETF of the PowerShares QQQ (NASDAQ: QQQ) is down 1.5% at $67.59 as Apple overly dominates this ETF.

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

52% of Americans Are Building Wealth While Ignoring Their Greatest Risk
David Beren |

52% of Americans Are Building Wealth While Ignoring Their Greatest Risk
3 Reasons Retirees Should Not Enroll in Medicare Advantage for 2026
Don Lair |

3 Reasons Retirees Should Not Enroll in Medicare Advantage for 2026

Continue Reading

Jon C. Ogg |

Apple Earnings to Seal Fate of Stock for 2013

courtesy of AppleApple Inc. (NASDAQ: AAPL) is set to report earnings after the close on Tuesday. You have seen disappointing…
Jon C. Ogg |

Earnings Season Outlook: More Bad News Likely From Key Tech Stocks

By now investors have had time to digest the notion that technology company sales and earnings are just not going…
Jon C. Ogg |

5 Tech Giants Likely to Follow Cisco’s Dividend (CSCO, MSFT, INTC, AAPL, DELL, HPQ, WDC, STX, EBAY, AMZN, EMC, VMW)

You probably already know now that Cisco Systems Inc. (NASDAQ: CSCO) has promised to pay a dividend of 1.5 to…
4 Stocks That Held The Dow Jones Industrial Average Back From Larger Gains
Chris Lange |

4 Stocks That Held The Dow Jones Industrial Average Back From Larger Gains

November 10, 2015: Markets opened mixed on Tuesday after having originally been indicated marginally lower, but they managed to take…
Jon C. Ogg |

Earnings Season Curse on High-Priced Stocks? (IBM, AAPL, ISRG, VMW, NFLX, AMZN, BIDU, GOOG, PCLN, GS, EMC, INTC)

There is an interesting theme that has been worth looking deeper into so far this earnings season.  High-priced stocks that…
Jon C. Ogg |

After TI and Broadcom Guidance, Time to Get Picky in Chip Stocks

ThinkstockTexas Instruments Inc. (NASDAQ: TXN) may have just given the preliminary earnings report yelling “All clear in Chip Land!” in…
Jon C. Ogg |

SunPower Earnings Good Enough to Support Whole Solar Sector

thinkstockSunPower Corp. (NASDAQ: SPWR) released its corporate earnings shortly before the close rather than after the close, and the result…
Jon C. Ogg |

Are iPhone 6 Suppliers Ready for a Sell-Off?

24/7 Wall St. wanted to take a brief look at the Apple suppliers that are expected to be potential winners…
Jon C. Ogg |

Steve Jobs Conference Call Q&A Earnings Commentary (AAPL, RIMM, GOOG, ADBE, NOK)

There were some interesting takeaways from Apple’s conference call and its Q&A session of that call.  The call ended right…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618