Saturday , June 19 2021

AMS cuts forecasts, another sign of weak demand for iPhones

Vienna – Austrian company AMS, which manufactures facial recognition technology, has become Apple's latest supplier, reducing its revenue forecast, adding to the growing evidence that the new iPhone devices are not well-known.

The Swiss group cut its fourth-quarter revenue forecast by 15% and cut its interim targets, accusing "the recent changes in the demand of an important customer."

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AMS, which specializes in sensors, did not say whether the customer is Apple, but analysts estimate that the American giant represents 40% of the Austrian group's sales.

Apple surprised investors two weeks ago, with a lower-than-expected quarterly sales forecast for Christmas, leading to vendors such as American company Lumentum, UK chip maker IQE and Japan Display screen producers. Warnings indicating weakness in new iPhone sales.

Like Lumentum, AMS provides Apple with the software components needed for its FaceID technology.

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However, Anglo-German chip designer Dialogue Semiconductor, which reached $ 600 million with the US technology giant last month, sent another message when it said this weekend that it did not expect a drop in demand Apple

Dialogue justified this claim by noting that it is a supplier for many more products than the latest iPhones.

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Last year, most investors were willing to ignore the stagnation in sales of iPhones that average selling prices were still rising. But Apple is now facing fierce competition with medium-priced phones from manufacturers such as Xiaomi Corp.

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