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Apple supplier Dialog Semi weathers iPhone slump to hit revenue target

FRANKFURT: Chip designer Dialog Semiconductor said on Monday that it managed to hit its fourth-quarter revenue guidance despite a slump in iPhone sales at its main customer Apple. Shares in the Anglo-German company jumped 4 percent as investors credited the company’s resilience at a time when other Apple suppliers have slashed or missed their targets. The shares had fallen in early trade after Dialog said unaudited preliminary sales came in at $431 million in the fourth quarter, the low end of a guidance range of $430…

Apple plans to launch three new iPhone models this year: report

NEW YORK: Apple plans to release three new iPhone models this year, including a successor to its struggling XR model, the Wall Street Journal reported on Friday. The iPhone maker also intends to introduce new camera features, WSJ reported, citing people familiar with the matter. Apple was not immediately available for comment outside regular business hours. It is pertinent to note here that another publication, the Nikkei Asian Review, however, reported on Wednesday that Apple Inc which slashed its quarterly sales…

Court battle, trade war and 5G spell tough 2019 for Apple

SHANGHAI/SAN FRANCISCO: Apple Inc’s chief executive Tim Cook has his work cut out in China this year: the iPhone maker faces the looming threat of a court-ordered sales ban, the uncertain outcome of trade war talks and the roll-out of a new 5G network, where it finds itself behind rivals. The complex outlook raises a challenge for Apple as it looks to revive its China fortunes after weakness there sparked a rare drop in its global sales forecast, knocked $75 billion from its market valuation and roiled global markets.…

Qualcomm enforces ban to halt some iPhone sales

US chipmaker Qualcomm took steps to enforce a court order banning the sale of some iPhone models in Germany following a patent dispute, a move that will likely see Apple pull those models from its German stores. A spokesman for Gravis, Germany’s biggest reseller of Apple products which is owned by telecoms company Freenet said on Friday that it still had all Apple products on sale, including the iPhone 7 and 8 models. The German case is Qualcomm’s third major effort to secure a ban on Apple’s lucrative iPhones over…

Apple iPhones to be assembled in India in 2019: source

MUMBAI/DELHI: Apple Inc will begin assembling its top-end iPhones in India through the local unit of Foxconn as early as 2019, the first time the Taiwanese contract manufacturer will have made the product in the country, according to a source familiar with the matter. Importantly, Foxconn will be assembling the most expensive models, such as devices in the flagship iPhone X family, the source said, potentially taking Apple’s business in India to a new level. The work will take place at Foxconn’s plant in Sriperumbudur…