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Smartphone Suppliers Slide After Asia Peers' Earnings Disappoint

Bailey Lipschultz, Jeran Wittenstein
Smartphone Suppliers Slide After Asia Peers' Earnings Disappoint

Smartphone suppliers were among the worst-performing semiconductor stocks Tuesday after two disappointing earnings reports from peers in Asia alarmed investors. Apple Inc. suppliers Broadcom Inc., Cirrus Logic Inc. and Skyworks Solutions Inc. fell more than 1 percent. Sunny Optical Technology Group, based in Yuyao, China, lost nearly a quarter of its market value on Tuesday after earnings missed estimates.