Rumors of weak iPhone sales knocked the wind out of Apple (NASDAQ:AAPL) supplier stocks in 2018. So, it looks like Skyworks and Qorvo will start 2019 on a bad footing thanks to their reliance on the iPhone maker. Skyworks' revenue is expected to accelerate in 2020 as the clout of its non-mobile business grows, along with additional catalysts such as 5G wireless infrastructure. Qorvo also has a trump cardQorvo is slightly less dependent on Apple for revenue than Skyworks. Investors in Skyworks and Qorvo shouldn't panic, as both companies are well-placed to weather any Apple slowdown.
Apple launches iPhone XR and iPhone XS trade-in offer in many more countries, including China
Apple has today launched a iPhone XS and iPhone XR trade-in promotion offer in China, including a prominent banner on the Chinese version of Apple.com's homepage. The deal is similar to what we have seen Apple aggressively promote in the United States. The boosted trade in values mean that a Chinese customer can pick up an iPhone XR for 4,399 RMB ($640), or iPhone XS for 6599 RMB ($960), when trading in an iPhone 7 Plus. Unlike the US, customers must visit a Chinese Apple retail store to take advantage of the offer. A similar promotion is also live in Australia today.
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