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Apple has already admitted that sales of the iPhone XR, XS and XS Max were down and that it was now starting to affect the entire production chain. According to a report released by processor manufacturer TSMC, the company is expected to face its largest quarterly profit decline over the past decade.
For those who do not know, the Taiwanese company is responsible for the manufacture of Apple processors and the publication of this report Thursday caused another "grief" on the stock market . Indeed, investors believe that the poor performance of the smartphone market will also affect other companies.
Thus, the TSMC report also triggered "the signal of warning" from other chip makers such as Intel, Nvidia and ASML . As a result, shares of other companies fell by an average of 6% in the Asian market.
Reuters also notes that TSMC has put more "fuel on fire" and raised new concerns about the technology market. Thus, the Taiwanese manufacturer expects to a decline of nearly 14% of its quarterly revenues :
Due to the macroeconomic outlook for 2019, we reduce our capital expenditures by several hundred dollars. millions of dollars this year. between $ 10 billion and $ 11 billion, "said Lora Ho, vice president of finance.
TSMC also expects its annual growth to be reduced by 6.5 percent to about 1 to 3 percent. % For the moment, market badysts are still calculating, but it is undeniable that there is a contraction in the smartphone market and reports from Apple and Samsung have already been warned. technology companies around the world.Thus, the year 2019 must be very troubled and difficult for all manufacturers.
(updated January 17, 2019, 11:24)
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