Apple Supplier AMS Cuts Forecast on Low iPhone Demand
Thursday, 15 November 2018 Austria's AMS, which makes facial recognition technology, became the latest Apple supplier to cut its revenue forecast, adding to growing evidence that the latest iPhones are not selling well.
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....
Reuters reports that on Thursday, Apple Inc said sales for the crucial holiday quarter could miss Wall Street expectations. Chief Executive Tim Cook blamed this on weakness in emerging markets, foreign..
Apple analyst Ming-Chi Kuo has significantly reduced his forecast for iPhone unit shipments in the upcoming quarters. In a new report today, Kuo says that lower... 9to5Mac - TechnologyAlso reported by •MacRumours.com •AppleInsider