You are here

Weak iPhone sales hit shares of Apple’s suppliers

May 3, 2017 By Helen Reid LONDON (Reuters) – Shares of U.S. and European suppliers of microchips, sensors and circuitry to Apple Inc fell on Wednesday, after the company’s much-awaited iPhone sales missed expectations in its second quarter. Suppliers rely on strong iPhone sales for part of their profits, and in some cases Apple’s announcement on Tuesday reawakened concerns about excessive exposure to Apple. Apple said on Tuesday it sold 50.76 million iPhones in the quarter ended April 1, down from 51.19 million a year earlier, indicating that customers may…

Read More

Apple may ditch Dialog, analyst says, hitting chipmaker’s shares

April 11, 2017 By Eric Auchard and Harro Ten Wolde FRANKFURT (Reuters) – Dialog Semiconductor risks losing a crucial supply deal with Apple Inc , according to a financial analyst who cut his rating on the stock on Tuesday, sending the Anglo-German chipmaker’s shares down by as much as one-third. Bankhaus Lampe reduced its rating on Dialog to “sell” from “hold” as it argued that Apple was working on its own battery-saving chip for the iPhone that could replace Dialog’s power management integrated circuits (PMIC) as early as 2019. Apple…

Read More
Facebook Auto Publish Powered By : XYZScripts.com