Apple's Adoption of the Qi for their Wireless Charging Solution spurs on Competition
China's Smartphone Market Shrank 8% in Q1 2018 While Apple's iPhone Sales beat the Trend Spectacularly

Apple Supplier STMicroelectronics brushes off Investor Anxiety over iPhone X, expects a Strong Second Half

1 X STMicroelectronics


STMicroelectronics on Wednesday delivered an upbeat assessment on second-half demand for its smartphones-focused products, brushing off investor anxiety over the soft takeoff of Apple's iPhone X.


Analysts estimate that Apple represents about 10 percent of STMicro's revenues. The group makes imaging and proximity sensor products used in the iPhone X, according to analysts. "We expect STMicro to benefit from a strong second-half due to continuing strength in the automotive and IoT (Internet of Things) segments, and the ramp of multiple new iPhone models with 3D sensing later in the year," Liberum said in a note.


2 liberum

STMicro does not name its customers, but chief executive Carlo Bozotti said he expected 'healthy demand' across all its products in the second-half, including smartphones. More on the Reuters report here.


10.0 Apple News BarAbout Making Comments on our Site: Patently Apple reserves the right to post, dismiss or edit any comments. Those using abusive language or negative behavior will result in being blacklisted on Disqus.




The comments to this entry are closed.