AMS specialist Austria detector dropped quarterly revenue forecast by 15 per cent on Thursday, withdrawn by calling major customer changes, making it an latest Apple chip supplier that highlights its prospects.
VIENNA: The Austrian sensor AMS specialist had reduced quarterly revenue forecast by 15 percent on Thursday, withdrawn by calling major customer changes, making it an latest Apple chip supplier that highlights its prospects.
In his earnings this month, Apple scored investors with a lower sales forecast than expected for the quarter of holiday shopping, encouraging suppliers including Lumentum to stop their prospects.
Like Lumentum, AMS supplying Apple software components needed for its FaceID technology in the latest generation of iPhones. AMS also does not identify Apple as its customer, but analysts estimate that the U.S. huge accounts. account for 40 per cent of sales and the Austrian group.
The Swiss-designated company said "due to changes in customer demand" it now expects revenue to come in between US $ 480 million and US $ 520 million in the three months to December , rather than forecasting for $ 570-US $ 610 million last month.
The appropriate active edge for the quarter is now expected to reach the low percentage range for adults, AMS said late on Wednesday. His previous guide was that the edge rises to 16 per cent to 20 per cent.
AMS posted a third quarter revenue of US $ 479.6 million and an EBIT conversion (13%) edge.
(Report by Kirsti Knolle, Editing by Sherry Jacob-Phillips)