- Apple (NASDAQ:AAPL) has warned suppliers of a 20% drop in new orders for iPhone parts, according to Nikkei Asian Review sources.
- NAR’s source: "Apple is quite conservative in terms of placing new orders for upcoming iPhones this year. For the three new models specifically, the total planned capacity could be up to 20% fewer than last year's orders."
- Last year, Apple placed orders to prepare 100M production units of the iPhone 8 models and the iPhone X. Sources say Apple expects 80M total shipments of the new iPhones.
- Total iPhone shipments dropped 1% Y/Y in the December quarter to 77.31M. Global smartphone shipments declined 0.3% to 1.46B units last year for the first-ever industry decline, according to IDC data.
- Apple suppliers that could move on the news: Broadcom (NASDAQ:AVGO), Cirrus Logic (NASDAQ:CRUS), Finisar (NASDAQ:FNSR), II-VI (NASDAQ:IIVI), Lumentum (NASDAQ:LITE), Qorvo (NASDAQ:QRVO), Skyworks Solutions (NASDAQ:SWKS), STMicroelectronics (NYSE:STM), Universal Display (NASDAQ:OLED).
- Previously: TSMC -2.6% on soft May revenue (June 8)
- Now read: Why Is Apple Being Underappreciated?
Original article