Survey: New iPhone sales 'declining meaningfully'

Share
Microprocessors sit on a circuit board displayed on the NXP Semiconductors NV pavilion at the Mobile World Congress in Barcelona, Spain, on Monday, March 2, 2015.
Simon Dawson | Bloomberg | Getty Images

One of the biggest mysteries in the market is whether the weakness in Apple suppliers is indicative of iPhone 6S sales or if Apple's positive guidance comments are accurate.

Shares of companies that make chips for Apple fell Tuesday on a report from Pacific Crest citing weak iPhone sales, according to a carrier survey by the firm.

Avago Technology, Skyworks Solutions and Cirrus Logic dropped 1 percent midday versus an up market and Apple shares up 2 percent.

Here are the details on what Pacific Crest said...


More In Investing

CNBC ProThis T. Rowe Price tech fund returned 75% in 2020 by getting in early on Zoom, other tech breakouts
CNBC ProWhat to expect from Ark Invest's coming 'ARKX' ETF, which ignited a rally for pure-play space stocks