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Apple Supplier Guidance Hints at Strong iPhone 7 Orders

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Good news for Apple ahead of the forthcoming iPhone 7 launch with AppleInsider reporting that RF component supplier Qorvo is offering strong guidance for the September quarter of revenue forecasts over $100 million above the general Wall Street forecasts.

Wells Fargo analyst Maynard Um said in a memo to investors today that this could imply a sequential growth of 19%, which would be even stronger than the 15% sequential growth of the iPhone 6 launch in 2014. Qorvo’s guidance is also even higher than that of another Apple supplier, Skyworks, which has guided for 10% to 11% sequential growth for the September quarter.

However, Um also sounded a note of caution, saying that it’s hard to ascertain the importance of Apple’s contribution to Qorvo’s revenue, which could also be affected by demand from other manufacturers in countries such as China.

Forecasts from other Apple suppliers have been somewhat mixed, with some being positive, and the likes of Foxconn chairman Terry Gou less positive, telling his staff that iPhone sales would be weak until the beginning of 2017.

Source: Apple supplier Qorvo guides high for Sept. quarter, suggesting strong 'iPhone 7' orders
 
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