Another Apple supplier slashes revenue forecast, prompts speculation of weak iPhone demand
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.
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....
Apple stock is sliding. Stock for the company closed at $168.49 on Friday, having decreased by more than 3%. Business Insider reports that Apple is now down for the year. In 2017, stock for the company..
The Apple HomePod will launch in China in early 2019, according to Digital Trends. The HomePod will support both Mandarin and Cantonese dialects of the Chinese language. The HomePod will be available..
Analysts from Morgan Stanley are the latest to cut their price target for Apple stock, with longer smartphone replacement cycles in China apparently to blame. AppleInsider - Computer IndustryAlso reported by •Business Insider