Skip to main content

Market Overview

Are Apple's Suppliers Hinting Of Poor iPhone Demand?

Share:

According to a report by Reuters, some of Apple Inc. (NASDAQ: AAPL)'s key members of its Asian supply chain are expecting their revenues and orders to fall this quarter.

Reuters, citing "industry executives," added that Apple's latest iPhone did not have enough compelling features to convince its user base to upgrade devices. Meanwhile, companies such as Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE: TSM) have already cautioned investors over a "lackluster" sales outlook.

See Also: Apple iPhone Estimates Cut Again At Credit Suisse; Analyst Sees Ultimate Stock Downside Of $92, Upside Of $140

Reuters added that these factors merely add to ongoing concerns that Apple's history of innovation and re-defining the smartphone market may be slowing down.

Apple is scheduled to report its first quarter results on Tuesday after market close.

 

Related Articles (AAPL + TSM)

View Comments and Join the Discussion!

Posted-In: Apple Apple Suppliers Apple Supply Chain iPhone ReutersNews Rumors Tech

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com