Shares of Apple suppliers up in extended trade after Apple’s quarterly results and guide prove not as bad as some expected.
Micron up 1.7 percent, Broadcom up 1.7 percent, Skyworks Solutions up 2 percent, Qorvo 1 percent higher.
Apple shares up 5.7 percent after the bell after co reported quarterly revenue of $84.3 billion, above reduced forecast of $84 billion on January 2, when the co warned of weakness in China.
At current level of $163.57, Apple has now more than recovered from the steep selloff caused by its revenue warning.
Apple said on Tuesday its current-quarter revenue would be between $55 billion and $59 billion, largely below consensus estimate of $58.8 billion, according to IBES data from Refinitiv.
As well, S&P 500 futures trading 0.26 percent higher, pointing to positive open in Wednesday’s session.
