iPhone suppliers preparing for the worst following revenue guidance cut

The iPhone XR

Earlier this week, Apple reduced its Q4 2018 revenue guidance by $9 billion to $84 billion citing a lack of iPhone demand. In light of this, industry sources are now claiming that Apple’s supply chain is bracing for impact.

According to the information provided, a number of Apple-dependent suppliers are waiting tentatively for the Cupertino giant’s response to its growing China problem. While the plan right now is to continue production as per usual, it’s claimed that some companies are already looking towards alternatives ...