Stephens analyst Harsh Kumar believes cannibalization of the iPhone 5S by Apple's (AAPL) newly-launched iPhone SE is good news for RF suppliers and he thinks the new device should help offset seasonality for most of Apple's supply chain. In particular, Kumar sees the new phone as slightly positive for Qorvo (QRVO) and Skyworks (SWKS). He estimates that the RF front end on the SE is likely to have climbed to about $3.00-$3.25 per device for Qorvo from $2-$2.25 per device is the 5S, while he thinks Skyworks' RF content in the SE rose to $4.00-$4.25 from $3-$3.25 per device in the 5S. Kumar keeps Overweight ratings on Qorvo and Skyworks.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Erste Group downgraded Apple to Hold from Buy.

Apple (AAPL) supplier TSMC (TSM) has unveiled its A16 chip manufacturing technology featuring nanosheet transistors with "backside power rails" meant for producing its ultra-advanced 1.6nm chips by 2026, Nikkei Asia's Cheng Ting-Fang reports. TSMC says the introduction of the technology can "greatly improve logic density and performance." Reference Link

Alphabet (GOOGL), the parent company of Google, is scheduled to report first quarter 2024 results after the market close on Thursday, April 25, with a conference call scheduled for 4:30 pm Eastern Time. What to watch... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Apple saw sales of its iPhones fall 19.1% in the first three months of the year, CNBC's Ryan Browne reports, citing data from Counterpoint Research. Meanwhile, Huawei saw a 69.7% surge in smartphone sales in the country during the same period, Counterpoint said. Reference Link