TSMC, which makes iPhone chips, is now projecting an up to 16 percent revenue decline in the first quarter of 2019, and one of the reasons is the reduced orders from Apple.
Cupertino originally anticipated stronger sales for the 2018 iPhone lineup, but earlier this month, people familiar with the matter revealed the company decided to cut production in order to deal with the slower demand for the new generation.
Specifics on how significant these production cuts were haven’t been offered, but TSMC appears to be particularly hit. An inventory correction at its graphics chip clients is also likely to generate a revenue decline, according to a report from Digitimes.
Apple’s emergency measures
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