Apple Supplier Says Revenues Go Down, iPhone XR Mostly to Blame
While Apple no longer provides data on iPhone sales, there are quite a lot of hints coming from its own suppliers and which indicate that the 2018 generation is selling substantially below expectations.
The latest to do this is iPhone touch solutions provider General Interface Solutions, also referred to as GIS, who recently announced that its revenues are going down for the month of November.
As per Digitimes, GIS revenues reached $516 million in November, which is a decline of no less than 12.1% month-over-month, with estimates indicating that the drop may continue in the coming months, especially as sales after the holiday season are likely to go down.
Unsurprisingly, GIS was one of the suppliers that expected the arrival of Apple’s new iPhone generation to generate a substantial increase in terms of revenues, but as it learned the hard way, 2018 models do not match expectations.