From Nikkei Asian Review’s Apple cuts iPhone production plan by 10%:
Among leading Taiwanese iPhone suppliers, camera lens provider Largan Precision was the first to react to Apple’s revenue downgrade. In a regular monthly disclosure, Largan on Jan. 5 said its sales in December plunged 34% on the year and declined 20% from November. Its revenue of 3.22 billion New Taiwan dollars ($105 million) marked its worst December sales performance since 2013.
Metal case supplier Catcher Technology on Monday said it expects sales in the current January-March quarter to fall from a year earlier. Catcher saw revenue tumble 28% in December from the year prior. Of the new iPhone models, Catcher mostly makes metal frames and does glass back assembly for the XR. It supplies a small portion of the frames used in the XS Max.
“We expect the market conditions at the end of 2018 will continue into 2019,” Catcher said in a statement to investors, calling conditions “challenging” and describing the outlook for demand as “highly uncertain and volatile.”