November 13, 2018 / 2:52 PM / a month ago

Qorvo joins other Apple suppliers in cutting forecast

Nov 13 (Reuters) - Qorvo Inc, which supplies radio frequency chips to Apple Inc, cut its third-quarter forecast for profit and revenue on Tuesday, a day after at least two other suppliers to the iPhone maker cut their outlook, citing lower demand from a major customer.

The company currently expects third quarter revenue in the range of $800 million to $840 million, down from its previous forecast of $880 million to $900 million. (Reporting by Vibhuti Sharma in Bengaluru; Editing by Anil D’Silva)

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