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Apple Supplier AMS's Outlook Spurs Fears of Weak iPhone X Demand

  • Shares in Austrian-based AMS fall 14 percent in Zurich
  • AMS produces optical sensors for mobile phones, 3-D sensors
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Mizuho's Lamba Sees 'Lackluster Demand' for IPhones

Apple Inc. supplier AMS AG shares tumbled after cautioning on negative operating margins, yet another semiconductor company to spark warnings from analysts of shaky demand for the iPhone X.

The poor short-term guidance given by Austrian-based AMS late Monday was heavily impacted by lower iPhone X volumes, Baader Helvea AG analyst Guenther Hollfelder said in a note.