Aapl Supplier Sees 30 Drop In Sales Due To Slumping Iphone
Following Apple’s admission earlier this week that Q1 2019 revenue will be lower than anticipated, we’re starting to hear from suppliers who have been affected by the slump. Bloomberg reports this morning that Largan, a supplier of camera lenses to AAPL, has suffered a significant drop in revenue during the holiday quarter… For Largan Precision Co., sales fell 33.9 percent year-over-year to $104.9 million for the December quarter. Interestingly, however, Largan was predicting this plunge as its earnings were in line with expectations....