| Thread Tools |
24th November 2021, 13:46 | #1 |
[M] Reviewer Join Date: May 2010 Location: Romania
Posts: 148,726
| Apple supplier IQE predicts profits plunge Looks like Apple sales will be much lower after all Chip components supplier IQE projected a 40 per cent plunge in its annual core profit, as the British firm's smartphone-making clients, which include Applem place fewer orders due to supply chain issues. Shares in the company fell 20 per cent on the back of the news. IQE makes semiconductor wafers for chips used in Apple products. Interim Executive Chairman Phil Smith in a statement that in the immediate term, broader semiconductor market shortages have softened demand in some supply chains but he believed these effects to be temporary. IQE expects 2021 adjusted core profit of about 18 million pounds ($24.1 million) and revenue of 152 million pounds, compared with 30.1 million pounds and 178 million pounds, respectively, a year earlier. IQE had said in September its adjusted core profit would be similar to prior-year levels on a constant currency basis. https://fudzilla.com/news/53928-appl...profits-plunge |
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Report claims Apple supplier used Muslim forced labour | Stefan Mileschin | WebNews | 0 | 31st December 2020 05:30 |
Apple pours another $250 million into iPhone glass supplier Corning | Stefan Mileschin | WebNews | 0 | 18th September 2019 09:06 |
Apple supplier Dialog Semi hits revenue target | Stefan Mileschin | WebNews | 0 | 16th January 2019 07:38 |
Apple supplier accused of chemical safety and overtime violations | Stefan Mileschin | WebNews | 0 | 19th January 2018 05:32 |
Key Apple supplier has not paid promised bonuses | Stefan Mileschin | WebNews | 0 | 22nd October 2017 14:28 |
Samsung confirmed as Apple’s main chip supplier | Stefan Mileschin | WebNews | 0 | 27th January 2015 06:52 |
Apple supplier tagged with another round of labor violations | Stefan Mileschin | WebNews | 0 | 5th September 2014 08:59 |
Apple supplier mysteriously hires more staff | Stefan Mileschin | WebNews | 0 | 10th May 2013 06:42 |
TSMC Seen As Only 20 nm ASIC Supplier to Apple in the Next 2 Years | Stefan Mileschin | WebNews | 0 | 16th October 2012 06:48 |
Poisonous gas kills one, injures four at Apple supplier facility | Stefan Mileschin | WebNews | 0 | 30th July 2012 07:43 |
Thread Tools | |
| |