Is Apple shaking off its iPhone slump?

By Steven M. Peters Updated Jan 11, 11:32AM EST · Published Feb 6, 3:05PM EST

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From Barron’s “Apple’s iPhone Slump Is Ending. Just Look at Its Suppliers’ Stocks” ($):

After a brutal third quarter, Apple suppliers like Skyworks Solutions and Qorvo are up—a lot. The case is getting clearer that the worst of the iPhone sales decline is over.

Skyworks (ticker: SWKS) and Qorvo (QRVO) dropped 26% and 21%, respectively, in the fourth quarter of 2018 after both companies’ sales forecasts disappointed—and worried—Wall Street. Their weakness presaged the iPhone sales troubles that Apple CEO Tim Cook outlined in January.

Wednesday was a different story. Skyworks stock was up 12% by midday. Qorvo shares jumped 5%.

My take: If you’re going to track the supply chain, you might as well take the good with the bad.

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