When investors found out that TriQuint Semiconductor
So imagine my surprise when TriQuint offered timid fourth-quarter guidance last night, at least partly due to weak orders from Triquint's "largest customer." A quick glance at a recent 10-K filing reveals that customer's identity: Hon Hai Precision Industries subsidiary Futaihua Industrial (Shenzhen), a part of the manufacturing conglomerate that assembles many of Apple's products. So yeah, we're talking at least partly about Apple here.
Like audio-chip provider Cirrus Logic
The reduced demand from Apple turns out to be in legacy products, chips meant for older models of Apple gear. So TriQuint may feel great about its iPhone 4S business but underestimated the lost business as iPhone 3GS, iPhone 4, and old iPad orders are winding down.
Of course, the disappointing guidance for adjusted earnings of about $0.07 per share on roughly $220 million in sales isn't all Apple's fault. Management also pointed fingers at "softness in the macro environment" plus weak orders from China. We can't help but keep an eye on the global economy, but you ought to make a mental note to track the Chinese mobile market a bit closer. Everybody wants to rule the Chinese markets these days, so some research in that area should pay off handsomely. Adding China Mobile
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Fool contributor Anders Bylund owns shares of OmniVision but holds no other position in any of the companies mentioned. The Motley Fool owns shares of Cirrus Logic, TriQuint Semiconductor, China Mobile, and Apple. Motley Fool newsletter services have recommended buying shares of China Mobile and Apple, and have also recommended creating a bull call spread position in Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinion, but we all believe that considering a diverse range of insights makes us better investors. Check out Anders' holdings and bio, or follow him on Twitter and Google+. We have a disclosure policy.