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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…

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…

Citi cuts Q1 iPhone production estimates on weak demand

MANHATTAN: Citi Research on Friday slashed its first-quarter production estimates for Apple Inc’s iPhones and nearly halved expectations on the costliest iPhone XS Max, joining other brokerages in lowering forecast amid reports of weak demand.  “The material cut in our forecasts is driven by our view that 2018 iPhone is entering a destocking phase, which does not bode well for the supply chain,” analyst William Yang wrote in a client note. Citi said it expects the company to make 45 million iPhones for the quarter, down…