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Apple suppliers Cirrus Logic, Qorvo forecast revenue below Street

Reuters
An Apple logo hangs above the entrance to the Apple store on 5th Avenue in the Manhattan borough of New York City, July 21, 2015. REUTERS/Mike Segar

(Reuters) - Apple Inc (AAPL.O) suppliers Cirrus Logic Inc (CRUS.O) and Qorvo Inc (QRVO.O) forecast current-quarter revenue below analysts' estimates, exacerbating fears about softening iPhone demand.

Cirrus shares slumped 9.5 percent to $24.25 in after-market trading on Thursday, while Qorvo's fell 12.4 percent.

Cirrus said it expected third-quarter revenue of about $347 million, well below analysts' average estimate of $385.9 million, according to Thomson Reuters I/B/E/S.

Chipmaker Qorvo said it expected third-quarter revenue of about $620 million, well below the average analyst estimate of $723.7 million.

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Japanese daily Nikkei, citing parts suppliers, said output of the iPhone 6S and 6S Plus models would be cut by about 30 percent in the January-March time frame so dealers could offload stock.

(Reporting by Anya George Tharakan in Bengaluru; Editing by Sriraj Kalluvila)