• Home
  • News
  • Apple Suppliers Cutting Sales Forecasts Due to ‘Extraordinary’ Decline in Chinese Demand

Apple Suppliers Cutting Sales Forecasts Due to ‘Extraordinary’ Decline in Chinese Demand

Apple Suppliers Cutting Sales Forecasts Due to ‘Extraordinary’ Decline in Chinese Demand

Nikkei reports major Apple supply partners based in Asia have been cutting their sales forecasts for 2019, citing an “extraordinary” drop in Chinese demand.

Taiwan Semiconductor Manufacturing Co., the world’s biggest contract chipmaker and sole supplier of iPhone core processor chips, and Japan’s Nidec, sole supplier of the motor that makes iPhones vibrate when receiving calls or texts, are the latest to deliver downbeat assessments for 2019. TSMC expects a 22% drop in revenue for January to March, while Nidec has cut its full-year profit outlook by more than 25%.

Nidec supplies the vibration motor used in the iPhone.

“We have faced extraordinary changes,” Nidec Chairman Shigenobu Nagamori told reporters at a Thursday news conference as the company reversed a previous forecast of a record profit. The headwinds for business in China turned out to be stronger than expected, with demand for automotive and home appliance motors also tumbling there.

Apple’s partners aren’t the only ones forecasting a drop in revenue, as Apple has lowered its own guidance for the holiday quarter, down to $84 million, a considerable reduction from earlier estimates of $89 to $93 million.

Apple has reportedly asked its suppliers to cut production of the iPhone XR, XS, and XS Max by 10% for the next three months, and is cutting back on hiring in many of its own divisions due to the sales slump.

  1. 180572 109937Oh my goodness! an incredible post dude. Thanks a ton However We are experiencing issue with ur rss . Dont know why Cannot enroll in it. Can there be any person finding identical rss dilemma? Anyone who knows kindly respond. Thnkx 131620

  2. max pau duro says:

    60652 651078This internet site is really a walk-through it actually could be the details you wanted concerning this and didnt know who to inquire about. Glimpse here, and you will completely discover it. 912613

  3. 506349 235027I genuinely got into this post. I discovered it to be intriguing and loaded with exclusive points of interest. I like to read material that makes me think. Thank you for writing this wonderful content. 349483

  4. 686192 142779Nicely picked details, a lot of thanks towards the author. It is incomprehensive in my experience at present, nonetheless in common, the convenience and importance is mind-boggling. Regards and all of the greatest .. 189127

  5. 646090 604710Genuinely clear web site , thanks for this post. 330629

  6. 591745 484413Wonderful post, I conceive weblog owners need to acquire a whole lot from this web blog its real user pleasant. 68631

  7. 19731 793937You produced some decent points there. I looked on-line to the problem and discovered most individuals will go along with along together with your internet site. 870663

  8. nova88 says:

    358133 334977Excellent blog here! Also your internet site loads up fast! What host are you making use of? Can I get your affiliate link to your host? I wish my site loaded up as swiftly as yours lol 582822

Leave a Reply

Your email address will not be published.