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'Watch' Out: Apple, Chip Supplier NXP Near Buy Range

Apple and its chip supplier NXP Semiconductors are getting closer to buy territory on the stock market Friday. Earlier this week, a Morgan Stanley report said that Apple iPhone demand is ahead of expectations for the June quarter. That's not only good news for the iPhone maker itself, but also its suppliers. Skyworks Solutions, another supplier, is trading in buy range from a buy point it cleared several sessions ago.