“Dialog Semiconductor said on Wednesday it was not seeing a hit to demand from its main customer, Apple Inc, after some suppliers issued profit warnings due to weakness in iPhone sales,” Douglas Busvine reports for Reuters. “The Anglo-German chip designer said its power management products were installed in many Apple products – and not just the latest iPhones that can be unlocked using facial recognition technology.”
“Frankfurt-listed Dialog has struck a $600 million deal to transfer 300 staff and patents to Apple key to designing the next iteration of the main Power Management Integrated Circuit (PMIC) that manages an iPhone’s battery resources,” Busvine reports. “Dialog shares were up 2.5 percent in late afternoon trading on Wednesday and have gained more than a third in value since the Apple deal was announced on Oct. 10.”
“It is still selling its existing generation of main PMICs to Apple, whose iPads also pack the technology, for example,” Busvine reports. “agherli said Dialog had also scored a couple of 2019 design wins from Apple for sub-PMICs, which power device features such as cameras, and one for companion chargers, an on-board feature that helps accelerates battery charging.”
Read more in the full article here.
MacDailyNews Take: There’s a data point that puts a crimp in the current fantasy narrative. No matter, the naysayers will simply bleat louder (as Apple likely shifts their buyback program into high gear during these deep discount sale days)!
SEE ALSO:
Don’t panic about iPhone sales just yet – November 14, 2018
Apple stock: This is not a repeat of 2015-16 – November 14, 2018
Apple’s Asian suppliers fall on report of canceled iPhone XR production boost – November 6, 2018
Nikkei claims iPhone XR production cuts, Apple stock drops over 3% – November 5, 2018
Apple’s revolutionary iPhone X was the world’s best selling smartphone in Q118 – June 14, 2018
Nikkei again claims ‘weak demand’ for iPhone X despite much evidence to the contrary – February 20, 2018
iPhone X drives smartphone revenue dominance; Apple made more money in Q417 than the rest of the smartphone makers combined – February 16, 2018
Apple iPhone took more than half of worldwide smartphone revenue share in Q417, a new record – February 15, 2018
Apple supplier says report of iPhone X production cuts was overstated – January 30, 2018
Another January, another misleading iPhone supply cuts story from Nikkei – January 29, 2018
Apple stock drops after Nikkei report of iPhone X production cut – January 29, 2018
Canalys: Apple shipped 29 million iPhone X units in Q4 2017; world’s best-selling smartphone over the holiday season – January 23, 2018
Reports of Apple cutting iPhone X orders make no sense – January 2, 2018
Apple stock tumbles on one poorly-sourced report of low iPhone X demand – December 26, 2017
Apple and suppliers shares drop on report of weak iPhone X demand – December 26, 2017
Nikkei: Apple to decrease iPhone production 10% in first quarter of 2017 – December 30, 2016
Nikkei proclaims ‘iPhone 7’ Dead On Arrival; bemoans Apple’s ‘lack of innovation’ – May 12, 2016
Japan’s Nikkei, The Wall Street Journal blow it, get iPhone demand story all wrong – January 16, 2013
Did Apple reduce 4-inch Retina display orders due to improving yields? – January 15, 2013
Analysts: iPhone 5 demand ‘robust;’ ignore the non-news noise – January 15, 2013
Apple iPhone suppliers decline on report orders cut by 50% – January 15, 2013
Apple swoon erases $17 billion from stock market – January 14, 2013
Apple iPhone 5 production cut signaling a new product release? – January 14, 2013
Apple drops to 11-month low on old reports of component cuts – January 14, 2013
The strange math of Apple’s alleged massive iPhone 5 component cuts – January 14, 2013
UBS analysts: Apple iPhone component order reduction ‘old news’ – January 14, 2013
Apple pulls down U.S. futures – January 14, 2013
Apple shares drop below $500 after reported cuts in iPhone 5 parts orders – January 14, 2013
They will just say it’s in the interest of a company selling much of itself to Apple I suspect to be upbeat.
Did anyone think that these suppliers were hoping Samsung and the like were going to copy Apple with face ID and the like but they can’t make it work so they are not ordering like these suppliers thought.. None of this is due to Apple sale. Nobody said that Apple was the one cutting orders.
Yup!… but hey.. everything must be Apples fault..blame/bash Apple first….think later mentality.
Still curious.. why are new like the below so easly neglected..
Too little, too late. The panic selling started immediately after earnings. If one big investor bails, then they all bail not wanting to be the last one holding a bag of crap (or so they think). They all outsmart one another trying to avoid taking the biggest loss. Who cares? Perfect opportunity for Apple to buy back more shares and more of a chance of Buffett to take another bite of the Apple.
What’s Apple down now in a week or so? 20%? ($46 or $47). That’s a rather steep selloff. Apple hasn’t changed for the better in terms of volatility. Apple’s damn iPhone dependency just kills the stock when the going gets tough. It’s as though an elephant pressed the down button on an elevator suspended by a single rubber band. What other major tech stock folds like Apple? There couldn’t be many others. Fear and greed always hits Apple stock hard. I’m not waiting for any good news to surface soon. The news media wants to enjoy talking about the downfall of Apple yet again.
Here’s to putting the buyback program into high-gear as the cowards bail. Yessss.