Apple 22 Nov
Global smartphone shipments are seeing downhill statistics which is now backed up by another happening with the Cupertino tech giant Apple that has once again cut down its orders as shared by a report. This year, Apple was expected to reduce its iPhone orders by 15 to 30 percent earlier this year while last year Apple also faced a similar trend where it dropped iPhone X orders by 40 percent.
The second wave of order reduction considering weak demand in the market has begun pinching Apple’s supply partners in Taiwan. Apple partners with Largan Precision for iPhone camera which estimated revenue fall from October while Career Technology which partners to supply flexible PCBs for iPhones laid of 110 workers working in the dispatch department to manage the declining revenue.
A new report by Digitimes shares,
“Apple has reportedly enforced the second wave of order reduction in the wake of weaker-than-expected sales for its new iPhones [and] many other Taiwan supply chain partners are beginning to feel the pinch in November.
iPhone camera lens supplier Largan Precision, for instance, has estimated its November revenues will fall from October. Career Technology, a supplier of flexible PCBs for iPhones, has recently laid off 110 dispatched workers to cope with order cuts by Apple.
An iPhone assembler has also advanced its workforce trimming project, seeking to reduce personnel cost and other expenses to counter the greater-than-expected reduction of orders.”
Putting fuel to the scene, popular Apple analyst Ming-Chi Kuo dropped down his sales forecast by huge figures and now things are becoming apparent considering the second wave of parts order reduction. Taiwanese Semiconductor Manufacturing Company (TSMC) haven’t faced the same level of set back considering how other smartphone companies that it partners with have filled up space.
Apple has already slipped to the third spot in the global smartphone shipments taken over by Huawei and such events pointing towards the order cut could impact Apple’s future negatively.
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