BUZZ-Apple supply chain extends losses on weaker iPhone forecast

Mon Dec 14, 2015 3:04pm EST
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(Updates to add stocks, share movements)

** Apple down 1 pct and pressuring shares of the iPhone supply chain companies

** Morgan Stanley says iPhone unit sales expected to fall about 6 pct in FY16, citing higher prices in markets outside Americas, excluding China, and maturing smartphone penetration in developed markets

** iPhone component suppliers top SOX losers: Qorvo down 6.5 pct and Skyworks Solutions falls more than 5 pct; Avago down 1.4 pct

** Trader says supply chain concerns drag Micron into the red; stock now down more 3 pct, a 6-pct reversal from early highs

** Shares of InvenSense, whose top customer is Apple, off 5.4 pct to late Oct lows

** Short sellers have upped their bets recently against Avago and other chipmakers on hints of fewer iPhone builds