Good Morning Malta.
CNBC
A bunch of Apple suppliers — Samsung, Corning, Taiwan Semiconductor Manufacturing, Teradyne, and SK Hynix — have reported financial results that hint at slowing smartphone orders. That's reflected badly on Apple and its other suppliers, leading Wall Street analysts to slash expectations for the stocks. Sales in China — Apple's third-largest market after Americas and Europe — might also be weak, third party data indicates.
Reuters
PARIS, April 25 (Reuters) - STMicroelectronics on Wednesday delivered an upbeat assessment on second-half demand for its smartphones-focused products, brushing off investor anxiety over the soft takeoff of Apple’s iPhone X.
The Franco-Italian chipmaker, whose customers range from carmakers to industrial groups and makers of new connected devices, said sales should grow in the first half, offsetting a seasonal smartphone dip in the first three months of the year.
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