iPhone XS. Despite the statements these days in which Apple tries to tell the whole world that it has no problems with the sales of new phone models, the bad news continues today. Largan Precision, the leading supplier of iPhone camera lenses, announced a 29% drop in revenue in November 2018 compared to the same period last year, all due to poor sales of the iPhone XS and iPhone XR.
iPhone XS. The announcement made by Largan precision generated a 10% drop in the price of the company's shares, 3% of those of Apple, but also drops for other partners of those from Cupertino, everything becoming a big problem for everyone. The price of Apple's shares fell by more than 40 dollars in the last two months due to the bad performance of the iPhone XS and iPhone XR on global markets, and the declines will continue in the next period, according to analysts.
iPhone XS. BIG ISSUES Continue for Apple
iPhone XS. The last few weeks have seriously affected the value of Apple's shares due to the fact that its partners keep announcing decreases in revenue at a time when iPhone sales were supposed to be very good. Combining this with the fact that Apple is offering discounts for iPhone XS and iPhone XR as it has never done for other models so soon after the launch, all indications suggest that there are very big problems with the sales of the series.
Largan Precision shares tumbled nearly 10% in premarket trading after the company reported a 29% drop in November revenue compared to the same month last year. The move had ripple effects for other Apple suppliers. Lumentum, which last month slashed its own revenue and profit forecasts, shed 6% while semiconductor maker Micron fell 3%. Texas Instruments and Intel both slid 2%. Meanwhile, Apple fell more than 2% ahead of the opening bell.
iPhone XS. Some are of the opinion that all this information has nothing to do with the sales of the phone series, and that the analysts interpret them wrongly, but in reality we are talking about the fact that Apple has wrongly estimated people's desire to buy expensive phones. If the iPhone X was successful at a very high price, the iPhone XS and iPhone XR series do not have the same success, people effectively refusing to buy such expensive phones.
