Shares in Apple, which is set to post quarterly results on 1 May, have fallen just over 7% over the past three days. Photo: ReutersLondon: Apple Inc. supplier AMS AG shares tumbled after warning on negative operating margins because of low production capacity at its Singapore factories—yet another iPhone supplier to warn of shaky demand. The poor short-term guidance given by Austrian-based AMS late Monday was heavily impacted by lower iPhone X Volumes, Baader Helvea AG analyst Guenther Hollfelder said in a note. Its second-quarter sales guidance “corresponds with about 20-25 million less iPhone X units based on our calculations,” Hollfelder said. “This is all Apple, specifically iPhone X,” said Neil Campling, senior analyst at Mirabaud Securities Ltd. Bloomberg

Source: Mint April 24, 2018 09:11 UTC