Analyst lowers prediction of iPhone XR shipments by as much as 30%
13 November, 2018, 20:17 | Author: Regina Silva
Lumentum executives told investors at a UBS Group AG conference in San Francisco that the customer asked to cut 3-D component shipments just days ago after having requested expedited orders in recent weeks.
"The legacy iPhone models forecast is likely to increase significantly thanks to more affordable prices; the total iPhone shipments in 1Q19 are likely to see a YoY decline", Kuo continued, citing Career and Nissha Printing as two suppliers that might be affected by Apple's cuts.
Analysts said that this could only refer to Apple.
JP Morgan analysts weighed in by cutting their price target for Apple by $4 to $270 pointing to poor orders for the new iPhone XR.
This isn't the first sign of bad news for the latest iPhones.
The slide may also reflect concerns that Apple knows that iPhone unit sales are going to go negative in the short-term, which is why it made a decision to stop reporting unit sales.
Grim search for more fire victims, 31 dead across California
The death total equals the 1933 Griffith Park disaster in California , which is the deadliest fire on record for the state. With 29 people confirmed dead and 228 still unaccounted for, the Camp Fire death toll is likely to climb, officials said.
Shares of Lumentum plummeted a record 30 per cent while Apple dropped as much as 4.1 per cent. Oclaro Inc., which is being bought by Lumentum, lost 11 per cent, on track for its biggest drop since April. The company said that it received reduced orders from a major tech firm that is one of its largest customers for 3D sensing components. These two companies are also Apple's 2nd and 3rd largest suppliers of VCSEL arrays - behind Lumentum - for augmented reality applications.
'Although Apple has positioned itself as a super-expensive handset maker providing high-end products, its strategy has not been working in emerging markets including China and India as Chinese vendors have been making iPhone-like products'.
Kuo last month predicted that more people would upgrade to the iPhone XR this year and that the Cupertino-based giant would sell its cheaper model better than the iPhone XS and iPhone XS Max.
Analysts interpreted the move as an indicator that Apple may have 'something to hide'. He also noted the latest version of iOS improved the performance of older iPhones.
"Longer-lasting products could lead to higher customer satisfaction, potentially enable Apple to charge higher prices for its devices, and would help fulfill the company's environmental objectives", Toni Sacconaghi, an analyst at Sanford C. Bernstein & Co., wrote Monday in a note to investors. For a decade, the iPhone has been the bellwether of a booming smartphone market.
Following Sunday's raid, thousands in Gaza called for revenge for the death of Nur Barakah, a mid-level Hamas commander. In Israel, at least 10 people were injured in the rocket attacks, the news service reports , citing medical officials.
Federal German President His Excellency Frank-Walter Steinmeier will also lay a wreath on behalf of the German people. Many of our readers had their cameras handy to capture their memories of this once-in-a-lifetime event.
Jaden has said in the past that he considers himself 'gender fluid, ' but he has never opening discussed his sexuality before. But hours later Tyler responded with the comment "hahaha you a insane n**** man" but not confirming nor denying the claims.
Also known as the Belleau Wood cemetery, the site is home to the graves of 2,289 American war dead and 1,060 names of the missing. More than 2,000 United States troops are buried at Aisne-Marne American Cemetery, where Trump was meant to visit on Saturday.
To accessorize, the Duchess of Sussex opted for a simple black clutch with gold chain detailing and classic pumps (also black). This year marks the 100th anniversary of the end of World War I, which lasted from July 28, 1914, to November 11, 1918.
Barrowman - best known for playing Captain Jack in Doctor Who and Torchwood said: "My fans will freak out". She said: 'We've had to keep coming into the jungle a secret and so, no, I haven't told my uncle yet.
Amazon's decision will likely lead to more foreign visitors, fuel more global flights and potentially stimulate more exports. Amazon has faced criticism for the impact it has had on Seattle, the locations of its original headquarters.
Multiply that by 67 counties in the nation's third-most populous state, and the scope of the task was beginning to sink in Sunday. Sunday with officials recalibrating the machines that count the votes and performing a series of logic and accuracy tests.
Czech Republic beat US to win Fed Cup
The Czech bullet train just could not be stopped as they seem on course for a fourth title in the past five years. It's disappointing for me 'cause I had like two match points but couldn't turn things around.
CNN sues White House over revoked credentials of correspondent
Trump interrupted her, calling it a racist question. "I will continue to ask the questions that affect America, all of America". Sure enough, the White House's clip appears sped up during the actual exchange between Acosta and the White House intern.
Brexit deal possible in next 24-48 hours, May's deputy says
Johnson backed his brother Jo's resignation from the Government and attacked the Prime Minister's Brexit proposals as "shameful". Former culture secretary John Whittingdale said Mrs May would have to go if she could not get a Brexit deal through the Commons.
More heavy rain for Tuesday
Behind this front on Tuesday , more lake effect snow is likely with the best chance of significant accumulation west of US-131. We'll keep an eye on this event, as this particular model may be going a little on the low side with forecast amounts.