Shares of suppliers to Apple drop after an iPhone chip partner predicts ‘weak demand’ for smartphones

Shares of suppliers to Apple drop after an iPhone chip partner predicts ‘weak demand’ for smartphones

6 years ago
Anonymous $CLwNLde341

https://www.cnbc.com/2018/04/19/apple-suppliers-drop-after-chip-partner-predicts-weak-demand-for-phones.html

A disappointing forecast from a key Apple chip partner is driving shares of iPhone suppliers lower.

Taiwan Semiconductor Manufacturing said Thursday its revenue forecast range for the second quarter is $7.8 billion to $7.9 billion versus the Wall Street estimate of $8.8 billion.