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Fly News Breaks for April 14, 2016
SYNA, INVN, CRUS, AVGO
Apr 14, 2016 | 08:53 EDT
After traveling in Asia, Pacific Crest says that demand for Apple's (AAPL) iPhone is "weak." Consequently, the firm thinks that estimates for iPhone suppliers Broadcom Limited (AVGO), Cirrus Logic (CRUS), InvenSense (INVN), and Synaptics (SYNA) are "at risk." However, the firm remains upbeat on Broadcom Limited based on its belief that the company will benefit from the launch of iPhone 7 and synergies from its Broadcom deal.