Apple, suppliers tumble as signs mount of weak iPhone demand

More Evidence Emerges of Soft iPhone Sales

Lumentum, which supplies FaceID components for the iPhone XS, XS Max, and XR, has reduced its profit and revenue forecasts thanks to reduced orders from Apple.

South Korean electronic parts suppliers Samsung Electro-Mechanics Co Ltd, Apple's supplier of multi-layer ceramic capacitors, dropped more than 5 percent, while LG Innotek Co Ltd plunged 9.5 percent.

"We recently received a request from one of our largest industrial and consumer customers for laser diodes for 3D sensing to materially reduce shipments", Lumentum CEO Alan Lowe said in a statement.

Apple said earlier this month that it will no longer provide iPhone sales figures to investors.

"Apple could have accumulated too much Lumentum inventory, and needs to work it off, in which case the unit shortfall is less, although it is still indicative of weak iPhone sales".

That could extend iPhone replacement cycles by six months to 3.2 years and push unit sales down by 6 percent a year for three years, he estimated.

"We have reduced our iPhone XR shipment estimation from 100mn units to 70mn during the new product lifecycle", Kuo wrote, citing reduced Chinese consumer confidence stemming from the trade war, high prices, and competition from Huawei.

Klopp: Liverpool have to apologise for the way they win
Joe Gomez, who was a doubt to play this weekend after picking up an Achilles issue, is set to return to the starting lineup . Jurgen Klopp has confirmed that Jordan Henderson , Naby Keita and Joe Gomez are all available after minor injury setbacks.

However, it's important to note that Kuo is not saying Apple will sell 30 million fewer iPhones during the holiday quarter.

Kuo's forecast follows a report last week that described two of the company's largest suppliers, Foxconn and Pegatron, being told to halt plans for additional iPhone XR production lines.

Shares of many Asian suppliers and assemblers fell on Tuesday, leading some market watchers to call the peak for iPhones in several key markets. With shares of the Cupertino, Calif. -based tech titan down almost 18% from all-time highs reached in October, some see the recent weakness as a buy opportunity, while others are warning of more pain ahead for the high-flying FAANG player.

Apple was punting on this product to drive new sales.

Early in the year, the company confirmed it had been intentionally throttling the speeds of some older phones to avoid battery-related problems.

Although Apple never said as much when it launched the Apple iPhone XR in September, its fairly obvious the device is meant to be more a direct competitor with the Android market.

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