Apple is suffering from a decline in iPhone phone sales

Apple's market value declined after further evidence of weak demand for the latest range of iPhone. Another supplier of iPhone component suppliers has warned of weak demand for the latest Apple devices, such as Lumentum, which provides FaceID components for iPhone XS. The iPhone XS Max and the iPhone XR, according to its earnings and earnings forecasts due to a decline in Apple's orders, have led to a further fall in the price Apple's share of 5%, losing $ 40 billion of its market value.

Last week, a report released by the Nikkei Asian Review highlighted the disappointing demand for the new iPhone XR, while Apple had asked Foxconn and Pegatron to stop planning additional product lines for the model, but the news of Lumentum was bad. In particular, when the company released its initial financial forecast just two weeks ago.

According to Lumentum, revenues for the December quarter (Q2) are expected to be between $ 335 and $ 355 million, well below the original forecast of between $ 405 and $ 430 million just 11 days ago. This means that Apple has since reduced its orders for telephone components and that the situation is worse than it was before.

A Reuters report indicates that many Apple suppliers have reduced their orders because of their largest customer, Apple. The company is currently creating TrueDepth front-end components that work on the latest iPhone devices to enable facial recognition. Strengthened, Lumentum was included in its annual filing of the 2018 fiscal year of Apple as the main customer, so that it accounted for up to 30% of the turnover. , not to mention the name of Apple in his report.

"We have recently received a request from one of our largest industrial and consumer customers to dramatically reduce their laser diode shipments to the 3D sensor during the second quarter of the fiscal year, canceling previous orders," said Alan Lowe, managing director and CEO of Lumentum. Bid, which was originally scheduled to be delivered during the quarter.

Signs of a decline in iPhone sales continue to be public, the first quarter of 2017 marking the peak of iPhone sales, but quarterly sales have declined since then, the company having announced that she would not announce the deliveries of iPhone and iPad. PC and Macintosh tablets starting in the fourth quarter of December.

This unexpected policy change has raised fears among US tech giants that they are fighting to drive future growth in device sales, with a number of analysts expecting a decline in iPhone sales compared to initial estimates. Consumer devices have increased prices in all areas and are actively seeking their professional services to earn more money from each of their existing customers.