Apple reports earnings on Thursday, where it has projected revenue of $84 billion to $87 billion for the holiday quarter, including from its new flagship iPhone X. However, supply chain reports have indicated that the Cupertino, California-based technology giant has cut iPhone X orders in half for early 2018. Multiple analysts also have said the iPhone X was not the holiday smash hit that some expected. A smaller supplier, Qorvo Inc., predicted current quarter sales of as little as $645 million, missing analysts’ estimates by more than $100 million. Qorvo makes radio-frequency chips and gets about 40 percent of its sales from Apple, according to data compiled by Bloomberg.

Source: Mint February 01, 2018 04:30 UTC