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Another Apple supplier slashes revenue forecast, prompts speculation of weak iPhone demand

AppleInsider Thursday, 15 November 2018 ()
Speculation of lower than expected iPhone demand continues to weigh on Apple stock prices as yet another component supplier, AMS AG, cuts revenue estimates for the current quarter. Three other key Apple suppliers reduced their respective forecasts this week.
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News video: Apple Stock Takes A Dip

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On Monday, Apple shares slid after a series of bad data points for iPhone demand. JPMorgan analysts said iPhone unit sales could decline on an annual basis in both 2018 and 2019. TF International Securities analyst Ming-Chi Kuo cut his forecast for iPhone XR shipments from 100 million to 70 million....

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