Apple’s face recognition technology partner, has become another Apple supplier to lower its revenue forecast . AMS, a light sensor company based in Austria, has become the company’s fourth major supplier this week to reduce revenue estimates for the current quarter. Like Lumentum, AMS supplies the software components needed for Face ID technology.
At least four Apple vendors have reduced their revenue forecasts this week, fueling speculation that Apple is reducing iPhone manufacturing. Over the past year, investors have been largely prepared to condone iPhone unit sales in the US because average selling prices have continued to rise. But Apple is now facing fierce competition from medium-priced phones from makers such as Xiaomi Corp.Apple is heading for its longest losing streak in more than six months as investors assess the company’s growth prospects.