The Austrian company ams, who supply Apple hardware and software components for face recognition, embedded in smartphones, followed by other suppliers, Apple confirmed that demand for the iPhone last generation was below expectations. This is evidenced by the adjustment of the forecast quarterly ams downwards.
Due to “recent changes in demand from main customer” forecasted revenue in the fourth quarter reduced from 570-610 million to $ 480-520 million dollars or 15%.
As can be seen, ams did not name the customer, but analysts estimate that Apple accounts for about 40% of sales to the Austrian company, so no doubt about what the customer in question does not remain.
Previously, the reduced orders from Apple announced other suppliers, including the American company Lumentum, British IQE and Japan Display.
In the past year, investors could put up with the stalled sales of iPhone, because the average price continued to grow. But for now, Apple faced stiff competition with manufacturers such as Xiaomi, and go through the prices is not obtained.
Sales of smartphones Apple latest generation iPhone XS, Max XS and XR started this fall. If the volume of the smartphones in the current quarter was estimated at 77 to 82 million units, the new forecast ams analysts at Credit Suisse reduced the rating for the 11-18 million pieces.
SOURCE
