Apple suppliers tumble on new signs of weak iPhone demand
Apple suppliers tumble on new signs of weak iPhone demand
Apple, suppliers tumble as signs mount of weak iPhone demand
14 November, 2018, 05:40
A woman checks her phone at a flagship Apple store at Iconsiam shopping mall in Bankok, Thailand.
Major suppliers to Apple Inc.'s iPhone fell Tuesday as investors fretted that one of the most important product lines in the technology sector was seeing weak demand.
Investors interpreted the news as cut in orders from Apple, which would jibe with the new iPhone 7 and 8 demand forecasts because those models don't use Face ID.
Taiwan-based assembler Hon Hai Precision Industry Co Ltd (Foxconn) dropped more than 3 percent. Semiconductor stocks were broadly lower with the Philadelphia Semiconductor Index losing 4.4 percent.
Although Apple never said as much when it launched the Apple iPhone XR in September, its fairly obvious the device is meant to be more a direct competitor with the Android market.
"Some people may fear that this now means that the iPhone units are going to start going negative year over year because it's easier to talk about great things and not show the details of things that aren't so great", Citi analyst Jim Suva said during the conference call. With November already in full swing, it will be interesting to see if Apple embarks on a huge iPhone XR marketing push over the coming weeks.
Apple shares fell to their lowest in more than three months on Monday as three suppliers issued warnings on results that pointed to weakness in iPhone sales. JP Morgan is now expecting the iPhone XR to account for 39% of new iPhones sold in the second half of 2018, down from its previous forecast of 47%. Japan Display lowered both sales and margin outlook for the year as well.
The Nikkeireport came days after Apple warned in its quarterly earnings report that sales for the crucial holiday quarter would likely miss Wall Street expectations. But when a sale does happen, suppliers get a one-time payment for their component, while Apple can generate hundreds of extra dollars per gadget. Shares of Lumentum plummeted a record 33 per cent while Apple dropped 5 per cent. Oclaro Inc., which is being bought by Lumentum, lost 12 per cent, its biggest drop since April. The company also said it would stop providing unit sales for iPhones, iPads, and Macs in fiscal 2019, a step Nomura Instinet said raised "the specter of a sustained iPhone downturn".
There aren't many popular third-party apps that support dark theme (are you listening Facebook? ), but Twitter isn't one of them. This report details its efforts to reduce Potentially Harmful Application (PHA) rates on devices and in Google Play.
The bags were then transferred to a auto belonging to the Consulate to transport them to the outside of the diplomatic mission. Khashoggi was last seen entering the consulate on October 2 to obtain documents for his forthcoming marriage.
Produced by Sun Pictures, the film stars Vijay and Keerthi Suresh in key roles with Oscar victor A R Rahman scoring the music. The producer of the film, Sun Pictures, has said that controversial scenes from the film have been removed.
Two substitutes combined for a second, Munir El Haddadi laying on Vidal but no sooner had the comeback begun again, it was halted. Gio LO CELSO also scored, his was a shot which goalkeeper TER STEGEN tried to catch but it went through the hands of the German.
Mr Trump arrived separately in his own vehicle and was subjected to a female protester running out towards the procession of cars. On Tuesday, the French president said Europe needed a real army to reduce reliance on the United States for defense.
Leach eventually made the breakthrough when Silva could not connect with a sweep shot and was dismissed leg before wicket for 30. An LBW appeal when Jennings was on 58 was turned down and Sri Lanka chose - erroneously it turned out - not to review.
But some journalists - concerned about which reporter might be targeted next - have been calling for action to match the words. Her question was about the widespread concerns that Trump's rhetoric emboldens white nationalists.
Several other federal district courts have likewise issued injunctions required the government to maintain the DACA program. Trump's attempt to rescind the program was also initially blocked by judges from lower courts in Washington D.C. and NY .
The rebels have since been driven out of virtually all of the south and much of the Red Sea coast, with the exception of Hodeida . The UN World Food Programme said its silos remain intact "despite having been targeted by more than 50 shells in recent days".
Meanwhile, The New York Times is reporting that the kill team sent from Riyadh phoned home after the hit, saying "tell your boss". The kingdom insists that the heir to the Saudi throne was oblivious to the plot to kill Khashoggi and the botched cover-up.
Rain stops Pakistan-New Zealand ODI in Dubai
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All Blacks beat England by one point in controversial finish
Courtney Lawes charged down TJ Perenara's box-kick, Underhill collected and raced away, dummying Barrett on his way to the line. Japan is playing England this weekend for the first time since the so-called amateur era. "It's a familiarisation.
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Australian Woman Charged With Hiding Needles in Strawberries
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Federer crashes to Nishikori in ATP Finals opener
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Rick Scott wins first election lawsuit
It's likely that many of those currently-uncounted votes will never be counted at all because of how Florida election law works. Every vote that was legally and verifiably cast prior to the polls closing at 7 p.m. on Tuesday should, of course, be counted.
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With sales dwarfing those of Black Friday and Cyber Monday in the USA , the festival has become the largest of its kind globally. First popularized by college students, November 11 emerged as an antidote to the sentimentality of Valentine's Day.
Best Buy Black Friday 2018 Deals Now
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China’s Xinhua Agency Unveils A Robot News Presenter
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