Apple Suppliers Blame ‘Tepid’ iPhone 7 Demand On Lack Of Innovation
Taiwan Semiconductor Manufacturing (TSM) will grow 4% in 2016, missing projections for 5%-10% growth,
as Apple (AAPL) cuts its iPhone 7 orders June through December, a source told the Nikkei Asian Review
on Wednesday.
Nikkei’s report comes on the heels of disappointing June-quarter guidance from Apple suppliers Skyworks
Solutions (SWKS), Cirrus Logic (CRUS) and InvenSense (INVN). Tuesday, TSM reported Q1 sales that
missed by $30 million and dipped 13% year over year.
In afternoon trading on the stock market today, Taiwan Semi stock was down a fraction, near 23.
June through December, TSM’s chip shipments will shrink to 70%-80% of year-earlier levels, sources told
Nikkei. TSM is now projected for “tepid” 4% year-over-year sales growth and flat operating profits in 2016.
In 2015, sales rose 7.5% to $25.95 billion.
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