Home » Money

Fears of peak iPhone rattle Asian Apple suppliers

15 November, 2018, 08:24 | Author: Lawrence Cooper
  • Apple Inc. iPhone XR smartphones sit on display at a Soft Bank Group Corp. store in Tokyo Japan on Friday Nov. 2 2018.        , Bloomberg

Based on Lumentum forecast, analysts have deduced that there is an 18 to 20 million reduction in iPhone orders from Apple.

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.

Lumentum's outlook comes a week after Nikkei reported that Apple was cancelling a production boost for its iPhone XR line, and less than two weeks after Apple's fourth-quarter results showed tepid unit sales growth. Hon Hai joins a string of Apple suppliers that have warned of a worsening outlook as iPhone volumes plateau alongside a lethargic smartphone market. 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.

A man holds two boxes for the Apple's new iPhone X which went on sale today, at the Apple Store in Regents Street in London, Britain, November 3, 2017.

Apple analyst Ming-Chi Kuo says part of the blame for the slow XR sales is competition from Huawei.

Apple's iPhone XR might not be the hotseller that analysts had predicted with noted analyst Ming-Chi Kuo slashing shipment forecast for the device.

Still, he said more consumers may be opting to purchase the higher-end iPhone XS models or the lower-end iPhone 8 model instead.

Death toll from California wildfires rises to 44
By the end of its first day, it had essentially destroyed the town of Paradise, which had a population of over 26,000 people. California Governor Jerry Brown said he expects the fires could be worse in the years to come.

Google updates sexual harassment policies following protest
Google is leaving the methods for discouraging drunkenness - drink limits, drink ticket systems, or the like - to its execs. Pichai's actions respond to a couple of the five major requests made by employees during last week's protests .

365,000 Bpd Shut In After Tanker Collides With Norwegian Warship
There were fears it would sink as it took on water after the crash but it ran aground just off the shore near Bergen. He declined to comment on what would happen to the weapons on board the ship.

Early in the year, the company confirmed it had been intentionally throttling the speeds of some older phones to avoid battery-related problems.

Adding to Monday's negative news, Longbow Research cautioned that Apple is facing weak iPhone demand in China.

The main assembler of iPhones reported net income of NT$24.9 billion (US$806 million) in the September quarter, about 12 per cent below the average analysts' estimate.

Apple CEO Tim Cook was directly asked about this possibility during Apple's most recent conference call.

JPMorgan analysts said iPhone unit sales could decline on an annual basis in both 2018 and 2019 due to weak demand in emerging markets.

In a world where iPhone demand is on the wane, Apple Inc. has a Plan B. As customers wait longer between upgrades and the smartphone market saturates, Apple can fall back on charging higher prices for each handset and raking in more money from services such as streaming music, digital videos and data storage.



The Official I'm A Celeb 2018 Line Up Is Out
The entertainer, who married his husband in 2013, said losing weight would be a bonus of being on the programme. James McVey - member of rock group, The Vamps. "I would be the King or Queen of the Jungle ".

Rams Defeat Seahawks in See-Saw Game, Improve to 9-1
Penny has not played a major role on the Seahawks offense this season and is actually the third running back on the depth chart. The Los Angeles Rams canceled practice Friday after a wildfire forced about 20 players and coaches to evacuate their homes.

Sen. Flake congratulates Sinema, praises McSally in race to replace him
Shortly after the race was called in her favor, Sinema wrote on Twitter that she will "be an independent voice for all Arizonans". McSally, a one-time #NeverTrumper and a retired Air Force combat pilot, changed her tune to survive a three-way GOP primary.

Draymond Green of Golden State Warriors suspended after dust-up
Los Angeles Clippers forward Montrezl Harrell was pretty happy to take the win over the much-talked-about Golden State Warriors . Neither Durant nor Green discussed the nature of their conversation after the game.

Salah and Shaqiri see Liverpool sweep aside strugglers Fulham
The Egypt forward has 34 goals in 36 appearances at Anfield since joining Liverpool in the off-season of 2017. It was a crucial moment and we went from being one goal up to one goal down.

Messi returns to Barcelona squad, Dembele dropped
Dembele was able to resume training on Friday, but he has been deemed not fit enough to play at the Nou Camp against Quique Setien's Betis side.

Dez Bryant to sign with Saints
Not only were they a good team last week, they were able to sign Dez Bryant to help bolster their offense. "He's a good player". In three postseason contest which he has started, Bryant has added 15 receptions for 218 yards (14.5 avg.) with two touchdowns.

Palace shock as Duchess Meghan's personal assistant quits
The 37-year-old eventually wore a diamond and platinum headpiece chosen by the Queen , but not before a bit of royal drama ensued. To accessorize, the Duchess of Sussex opted for a simple black clutch with gold chain detailing and classic pumps (also black).

Nigeria’s Mayowa Nicholas debuts on Victoria’s Secret runway
During this year's show, she had her final walk wearing wings made of white feathers, feather heels, and a sparkly top. Speaking to Vogue Australia , she said: "Everyone knows that I love boxing, but this year I added functional training.

Samsung's second Android Go phone is the Galaxy J4 Core
Samsung is now accepting sign-ups for the beta of One UI , which will roll out to S9/Note 9 devices sometime this month. Here's a look at the five key takeaways from the Samsung Developers Conference 2018.