Skyworks Solutions shares first rose by 4.77% in regular trading on Tuesday and then rose 3% in after-hours trading. VanEck Vectors Semiconductor shares rose 0.8% on the day; Micron Technology shares rose more than 1%. The other two chip makers Cirrus Logic and Broadcom's share price also rose nearly 3% and 2% respectively on Tuesday.
Apple said that in the second quarter ended March 31, 2018, the company sold a total of 52.2 million iPhones, which was 51 million more than the same period last year, but less than analysts' average expectations. According to the FactSet survey, the average of analysts Apple is expected to sell 53 million iPhones in the second quarter.
In fact, some analysts had previously been concerned that there would be a greater decline in iPhone sales. For example, Bernstein analyst Toni Sacconaghi downgraded his expectations for Apple’s earnings per share for the current fiscal year. According to their team's analysis of supply chain companies, they found that the market's demand for the iPhone has become increasingly weak.