Here's One Major Apple Supplier That Has Yet to Cut Its Forecast
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As lower expectations for sales of Apple Inc.’s iPhone continue to ripple through the supply chain, one heavily exposed supplier has remained mum.
Skyworks Solutions Inc., a radio frequency chipmaker that gets about half of its revenue from Apple, could be the next to cut revenue forecasts after a string of other suppliers have lowered their projections. The company gave its fiscal first quarter forecast on Nov. 8, four days before Lumentum Holdings Inc. sounded the alarm. Yet Lumentum said it was told to reduce shipments from a customer just “a few days” before its announcement on Nov. 12. It didn’t mention Apple, but the tech giant is Lumentum’s biggest customer.