Apple sold 77.3 million iPhones in the key holiday quarter, missing Wall Street expectations of 80 million. Photo: ReutersBengaluru: 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. Apple sold 77.3 million iPhones in the key holiday quarter, missing Wall Street expectations of 80 million. Several analysts have cut their estimates for iPhone X shipments in the past few weeks, citing a high price, among other factors, for muted demand for the 10th anniversary edition of the iPhone. Moore estimates Apple purchases about 10% of all semiconductors, and said the broader chip industry would benefit with a pick up in demand for the iPhone.

Source: Mint February 05, 2018 15:11 UTC