Apple supplier IQE warns on profits in sign of tough smartphone market
15 November, 2018, 08:24 | Author: Frank Williams
Among other Apple suppliers, Cirrus Logic Inc. sank 14 per cent, Qorvo Inc. and Broadcom Inc. each slid 6.4 per cent, ON Semiconductor Corp. fell 5.9 per cent, Skyworks Solutions Inc. fell 5 per cent, and Finisar Corp. dropped 4 per cent. Semiconductor stocks were broadly lower with the Philadelphia Semiconductor Index losing 4.4 per cent.
For iPhone XR, the estimate has gone from 100 million to 70 million for fourth quarter 2018 to third quarter 2019, which is a drastic cut.
"IPhone XR parts suppliers such as Career and Nissha printing would be "the major losers resulting from the XR cut because these two firms can not benefit from the increased shipment estimations of legacy models", added the report.
Major suppliers to Apple Inc.'s iPhone fell Monday as investors fretted that one of the most important product lines in the technology sector was seeing weak demand. Then Lumentum Holdings Inc., a top maker of iPhone facial-recognition sensors, lowered its second-quarter outlook and said a key customer had cut orders. While this explains the reduction in order, there's no denying the slowdown in iPhone sales. In its most-recent quarter, Applereported nearly no increase in the number of iPhones sold, but revenue from that business jumped 29 per cent from a year earlier.
"We think there is an inventory component that is still negatively affecting the supply chain", UBS said, indicating that Apple may be as many as 10 million units shy of what Wall Street had initially expected.
The share price of Apple has plunged by 5% today as investors worry that the iPhone is not as popular as it used to be.
"Apple is no longer a traditional hardware business", said Gene Munster, a veteran Apple analyst at Loup Ventures. "But [these results are] about to be more than offset by a big jump in ASPs (+17%Y/Y in FY18), which ultimately drove Apple's best iPhone revenue growth in 3 years, we rather now find that setup flipped with "growth via ASPs" widely known but just as those ASPs start to anniversary". Apple said it preferred to focus on the company's transition to a services company, with regular recurring revenue.
Jobs, for all his faults, did manage to save Apple with a couple of products which worked - the iPod and iPhone - but even he was running out of ideas before the end (iPads anyone?) and the issue of what to do next was never resolved.
As fans will recall, Thomas faked photos prior to the royal ceremony, a stunt that embarrassed the entire royal family . The Queen appeared comfortable in the companionship of Kate and Camilla , with Prince Philip absent from the occasion.
It was NATO's largest exercise in decades, involving 50,000 troops, 10,000 combat vehicles, 65 vessels, and 250 aircraft. Norway has grown increasingly nervous about neighboring Russian Federation since it annexed Crimea from Ukraine in 2014.
The supreme court spokeswoman, Kathy Arberg, said she is "doing well", but is already back at work, although working from home . She went to George Washington University Hospital early Thursday morning after experiencing discomfort overnight.
Chinese news agency Xinhua recently added two new staff members that are a little bit different than your regular news anchors. The agency points out that they may be particularly useful for disseminating breaking news reports in a timely manner.
ESPN's Adrian Wojnarowski had the scene of the altercation described to him, and it's certainly not a good look for Golden State. Green was forceful in his defense of himself, which helped to escalate the volume in the room, sources said.
He went up to block Jeff Teague on a shot near the net and landed wrong on his right leg as it twisted in a gruesome way. With the worst outcome averted for Caris LeVert , that fact alone should give the Brooklyn Nets a boost.
Cher tweeted that her friends' houses had been burned, adding that she could not " bear the thought of there being no Malibu ". "No Calabasas tonight", Kourtney wrote in her Instagram story alongside a photo of suitcases packed in a vehicle trunk.
In his place, White House Chief of Staff John Kelly visited the cemetery where more than 2,000 U.S. soldiers are laid to rest. While many were angered by Trump's decision and alleged that he had "dishonoured" fallen U.S. servicemen, others trolled him.
The Palestinian Health Ministry said seven people, including at least five militants, were killed and seven others were wounded. An exchange of fire followed in which local Al-Qassam commander Nour Baraka was killed along with another militant, it said.
WHO maps dangerous misuse of antibiotics
Staff and students at Imperial are being encouraged to hand over their unused antibiotics as part of an annual amnesty. Eventually, they become resistant to the drug , and the infections caused by them become hard to cure.
Jimmy Kimmel slams Trump over California wildfire response
The "Woolsey Fire" on the southern end of the state has devoured mansions and mobile homes alike in the coastal town of Malibu. A series of wildfires in Northern California's wine country last fall killed 44 people and destroyed more than 5,000 homes.
Imelda Marcos ordered arrested for seven counts of graft
Marcos, in a written statement to reporters, said her lawyer Manuel Lazaro plans to lodge an appeal with the anti-graft court. Marcos will be treated as a normal detainee if she will be taken to the PNP Custodial Center in Camp Crame, Quezon City.
Malibu Under Evacuation Orders as Massive Fire Rages
The director of the California Governor's Office of Emergency Services says another fire in northern California has claimed lives. The hospital was later destroyed, Mike Mangas, a spokesman for operator Dignity Health, told Action News Now.