Apple results warning crashes electronic chip makers exchange: Electronic chip makers fall on the Paris Stock Exchange after the warning on the results of Apple.
Apple has issued a warning on its results Wednesday, January 2, 2019. The Cupertino company anticipates a turnover lower than expected over the period from October to December, due in particular to the weakness of emerging markets, starting with the China.
This announcement did not fail to affect the semiconductor manufacturers, suppliers of the brand to the apple, on the stock market. American equipment manufacturers, like Qualcomm, posted a downward trend in post-trade exchanges.
Apple results warning crashes electronic chip makers exchange
In the Paris square, chip manufacturers fall heavily at the opening of the market Thursday morning. At 9:58, the action STMicroelectronics tumbles 6.79%.
Soitec, which produces semiconductor materials used to manufacture chips for smartphones, tablets and computers, also saw its share plummet by 5.08%.
In a context of slowing growth in the smartphone market, this "profit warning" Apple is raising concerns among investors. This is the first time since the launch of the iPhone in 2007 that the US giant issues a warning on its turnover before the publication of its quarterly results.
Beyond Soitec and STMicroelectronics, all tech companies - such as Atos (-3.26%), Capgemini (-3.82%) and Dassault Systems (-4.21%) - are showing a strong decline. on the Paris Stock Exchange.
RELATED: Apple's European suppliers fall on the stock market after information on a future decline in orders for new iPhones
Information from the Japanese financial daily Nikkei that Apple has warned its suppliers to prepare in the second half of the year for a 20% drop in component orders for its new iPhones drags the European founders Friday in Europe, together with their American counterparts which sag in avant-Bourse.
"Apple is rather reserved for placing orders for future iPhones this year," said one of the sources quoted by the Nikkei. "For the three new models in particular, the total capacity forecast could be as much as 20 percent below last year's orders."
Apple has placed orders in 2017 to prepare the production of a hundred million copies of the new iPhone 8 Plus and iPhone X but this year Apple anticipates deliveries of 80 million units for new models, said two sources cited by the Nikkei.
The AMS and Dialog Semiconductor founders lost 6.2% and 4% respectively at 10:25 GMT, the first with the largest loss in the European Stoxx 600 index.
In their wake, STMicroelectronics sells 1.3%, BE Semiconductor 2.5% and Infineon 0.9%.
The sector index of high-tech stocks limits its loss to 0.36%.