How Sluggish Demand for iPhones Is Hurting Apple’s Revenue
In the fourth quarter of fiscal 2018, Apple’s (AAPL) iPhone sales rose 29% YoY (year-over-year) to $37.2 billion. Two of Apple’s suppliers, Qorvo (QRVO) and Lumentum (LITE), also lowered their guidances due to softness in iPhone-related orders.