Apple's Beats brand in April unveiled the Powerbeats Pro, a redesigned wire-free version of its popular fitness-oriented Powerbeats earbuds.
Apple Suppliers Cutting Sales Forecasts Amid 'Extraordinary' Decline in Chinese Demand
Major Apple suppliers in Asia have been cutting their 2019 sales forecasts and some have cited an "extraordinary" drop in Chinese demand, reports Nikkei.
Taiwan Semiconductor Manufacturing Co (TSMC), which supplies the A-series chips used in the iPhones and other devices, is forecasting a 22 percent drop in revenue for the January to March quarter. TSMC said there was a "sudden drop in demand" for high-end smartphones, also attributing its revenue decline to the U.S.-China trade war and economic uncertainty.
The same thing goes for Nidec, a company that supplies the vibration motor in the iPhone. Nidec has dropped its full-year profit outlook by upwards of 25 percent after slumps were seen in November and December.
Apple has asked its suppliers to cut iPhone XR, XS, and XS Max production by 10 percent for the next three months and has implemented its own reduction in hiring for certain divisions amid the slump.
The company is attempting to boost iPhone sales by dropping prices in China and offering increased trade-in values in the U.S. and other countries.
Taiwan Semiconductor Manufacturing Co (TSMC), which supplies the A-series chips used in the iPhones and other devices, is forecasting a 22 percent drop in revenue for the January to March quarter. TSMC said there was a "sudden drop in demand" for high-end smartphones, also attributing its revenue decline to the U.S.-China trade war and economic uncertainty.
The same thing goes for Nidec, a company that supplies the vibration motor in the iPhone. Nidec has dropped its full-year profit outlook by upwards of 25 percent after slumps were seen in November and December.
"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. [...]Apple has forecast its own decline in revenue, dropping guidance for the holiday quarter to $84 million, down from an earlier November estimate of $89 to $93 million.
The tide shifted in November, however. "We saw big slumps in November and December," Nagamori said. "Orders, sales and shipments in all business segments around the world saw major shifts," he explained.
Apple has asked its suppliers to cut iPhone XR, XS, and XS Max production by 10 percent for the next three months and has implemented its own reduction in hiring for certain divisions amid the slump.
The company is attempting to boost iPhone sales by dropping prices in China and offering increased trade-in values in the U.S. and other countries.
Tag: TSMC
[ 144 comments ]
Top Rated Comments
(View all)
13 weeks ago
We could blame the trade war, and wiggy is an easy target, but these phone prices have gotten out of hand and competition is making better devices for most people. Maybe wall st and its companies need to stop being such greedy jerks?
13 weeks ago
To blame the economy is a cheap excuse for not looking at the real reason: Apple isn’t giving its customers value for money anymore. For the price of the iPhone X you can have two flagship phones from any other brand.
Apple needs to out innovate or half the prices to give customers a reason to buy or stay at Apples brand.
Loyalty has its limits so does greed.
Apple needs to out innovate or half the prices to give customers a reason to buy or stay at Apples brand.
Loyalty has its limits so does greed.
13 weeks ago
I wonder if there's real "Apple boycott" happening in China, as previously reported. When traditionally nationalist countries like them claim something like it, they really stand behind it. I hope it isn't one of those things.
Perhaps. But why hope at all? I hope sales plummet. It’s good for consumers. Apple has to work harder.
13 weeks ago
Good news. Keep it coming. We really need Apple off the high horse. The went too far this time.
So yeah, reality check slap is always good wake up call for great companies. Now make it better Apple. Its about time!
So yeah, reality check slap is always good wake up call for great companies. Now make it better Apple. Its about time!
13 weeks ago
They will probably just raise prices again to keep profit high with less sales.
13 weeks ago
I wonder if there's real "Apple boycott" happening in China, as previously reported. When traditionally nationalist countries like them claim something like it, they really stand behind it. I hope it isn't one of those things.
NO, Chinese smartphones are just more competitive with a lower price point.
13 weeks ago
It's funny how they blame this and that... no, it's simple – iPhones are overpriced. I have perfectly working iPhone 6s 64gb (mid range capacity in 2015) and I would still upgrade to Xs 256gb (mid range capacity in 2018) if it is the same price as I paid for the 6s (plus inflation). It is not, so I will enjoy my lovely phone for another year. I don’t blame this or that, I blame Apple, because they seem to be not aware of the current market and live inside their own bubble.
13 weeks ago
We need to see sales drop big time in the U.S. before the **** really hits the fan.
P.S. crossing my fingers it will.
P.S. crossing my fingers it will.
13 weeks ago
Cook is finding out he can only live off of Steve Jobs success for a finite amount of time.
13 weeks ago
I wonder if there's real "Apple boycott" happening in China, as previously reported. When traditionally nationalist countries like them claim something like it, they really stand behind it. I hope it isn't one of those things.
[ Read All Comments ]
Instagram has considered hiding the like count on images uploaded to the social network, which would prevent people from seeing how many people have tapped the "heart" icon on each photo.
...
Cozy, a company that has a variety of clever solutions for managing Apple accessories, recently released its latest product, a whimsical "Drink Different" ice cube tray that makes ice shaped...
Apple has expanded mobile phone billing to additional countries and carriers, according to an updated support document on its website.
As of this week, the feature is now supported by...
Facebook harvested the email contacts of 1.5 million users without their knowledge or consent and used the data to build a web of their social connections, it emerged today. Business Insider reports...
Ahead of the annual New York International Auto Show, several automakers have announced new vehicles with first-time support for CarPlay, including the 2020 Toyota Highlander, 2020 Nissan Versa, and...
Amazon Echo devices have been able to use Alexa-based voice commands to control Apple Music since December, but the feature has been limited to Amazon's own devices until today.
Sonos One...
Apple today released a new update for Safari Technology Preview, the experimental browser Apple first introduced three years ago in March 2016. Apple designed the Safari Technology Preview to test...
Apple Pay is now available as a payment option in the Uber Eats food delivery app for the first time, allowing users who make food orders to pay with a credit or debit card stored in the Wallet app.
...
