Qorvo Stock Drops 6.5% After Warning of Flat Sales and Weakness in Smartphone Parts

Qorvo, an Apple supplier, has experienced a notable decline in its stock price following a warning about potential weaknesses in its smartphone parts business. Initially, the stock surged after earnings reports; however, it dropped by 6.5% as the company indicated flat sales to its largest customer and highlighted challenges in the Android market, particularly in China. The stock was down 3.9% in pre-market trading, reflecting investor concerns about the company's outlook.