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"Shares of Skyworks Solutions (SWKS) and Cirrus Logic (CRUS), both prominent suppliers to Apple (AAPL), are both under more pressure than the broader market today, following a cautionary note from Pacific Crest’s Michael McConnell, who cut his ratlin on the shares to Sector Weight from Overweight, based on 'weaker-than-expected iPhone 7 demand forecasts in the supply chain,” referring to what is presumed to be the next iPhone model, expected out this fall.Skyworks shares are down $3.88, or 6%, at $58.72, and Cirrus is down $2.44, or 6.4%, at $35.60.'Our lowered estimates reflect a much more disappointing 2H16 iPhone 7 ramp than what we had previously expected,” he writes, 'as feedback from Asia indicates units are expected to be down 15% to 20% as compared to the iPhone 6s, as Apple appears to be taking a much more cautious view of the ramp.'", blogs.barrons.com
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