Another day, another key
Apple supplier posting disappointing earnings.
Per Reuters, iPhone and
iPad display supplier LG Display has posted a 74% quarterly drop in earnings, thus adding to worries that “demand for
iPhone and iPad screens weakened amid concerns that Apple was losing its luster in the mobile device market.” Apple devices account for roughly 30% of LG Display’s overall revenues, so it’s likely that at least some of LG Display’s drop in earnings can be attributed to substandard iPhone sales.
iPhone audio chip supplier Cirrus Logic and
iPhone manufacturer Foxconn both recently also posted disappointing earnings that were reportedly at least partially due to lackluster iPhone sales.
