Halister News

(Bloomberg) -- Apple’s European suppliers fall after Nikkei Asian Review reported late Friday that slower-than-expected sales of iPhone 6S and 6S Plus have prompted Apple to reduce its orders, citing unidentified suppliers.

• Dialog drops as much as 5%, AMS down 3.9%, Imagination Tech down 2.1%, STMicro drops 1.2%, Infineon falls 0.9%
• ARM drops 3.2%; downgraded to hold from buy at Jefferies
  • Jefferies says data points suggest softening of smartphone chip pricing
  • Increase in ARM’s accrued licensing rev. in 2H15 may point to further slowdown in licensing growth, longer- term royalties
  • Mobile tailwind is less assured while new areas in networking, servers are more competitive and fragmented
• NOTE: Semiconductor stocks fell on April 14 as TSMC forecast 2Q sales below ests.