• Apple Mistakenly Sold Off Again On Weak Suppliers

    29 days ago - By Forbes

    Apple fell over 4% this morning after two suppliers cut their forecasts. We last saw this happen in April when Apple dropped 9% after other suppliers reported weak demand. John Archer bought Apple in the midst of the April panic at $165. That trade turned out well, and his insight applies again now.
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  • Tech Shares Drag Markets Down After Top Apple Supplier Slashes Outlook

    29 days ago - By NY Times

    Investors' unease over the technology sector's prospects appeared to be fueling the broad market sell-off.
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  • Apple Face ID supplier slashes revenue forecast, citing weak demand

    Apple Face ID supplier slashes revenue forecast, citing weak demand

    29 days ago - By Venture Beat

    Apple shares fell as the main supplier for its Face ID technology, Lumentum Holdings, slashed revenue and profit forecasts.
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  • Apple sinks after one of its facial-recognition suppliers cuts its outlook

    Apple sinks after one of its facial-recognition suppliers cuts its outlook

    29 days ago - By Business Insider

    Apple facial-recognition supplier Lumentum slashed its quarterly outlook, citing a reduced shipment request from one of its biggest customers.
    In an annual filing, Lumentum listed Apple as its largest customer, contributing 30% of its revenue.
    Last week, Nikkei reported that Apple canceled a production boost for its iPhone XR model due to disappointing demand.
    Watch Apple trade live.
    Apple was sliding Monday, down 5%, after Lumentum, one of its facial-recognition suppliers, slashed its outlook for the quarter, citing a reduced shipment request from one of its biggest customers.
    Lumentum...
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