Yet more Apple suppliers are feeling the impact of falling demand for the company’s latest iPhones. Touch panel makers in Taiwan are reporting a 30 percent decline in revenue between November and December 2015, according to a new report.
“TPK Holding for example reported consolidated revenues of NT$7.809 billion (US$235 million) for December 2015, representing a 37.91% drop on month and 41.24% drop on year,” reports DigiTimes.
General Interface Solution, which manufactures integrated touch display solutions, reportedly saw its revenues drop 31.91 percent on-month in December, despite a 38 percent on-quarter increase in revenues during the fourth quarter as a result of orders from other customers.
This news follows a recent Wall Street Journal report that revealed Apple is scaling back its iPhone 6s and iPhone 6s Plus orders due to falling demand, forcing Foxconn, its largest assembler, to lay off workers earlier than usual ahead of the Chinese Lunar New Year break.
An earlier report from Nikkei claimed Apple has cut production of its latest smartphones by as much as 30 percent in early 2016 as a result of “lackluster sales,” which have caused iPhone 6s and 6s Plus inventories to “pile up” in retail channels around the world.
This year’s iPhone 7 and iPhone 7 Plus are expected to be a big improvements over their predecessors, with faster processors, improved cameras, and most importantly for some, new designs, which will give many iPhone fans a reason to upgrade.Like this post? Share it!