Yet more Apple suppliers are suffering because of weak iPhone demand

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money
This is what happens when you put all your eggs in one Apple basket.
Photo: Jim Merithew/Cult of Mac

More evidence is piling up suggesting that iPhone sales may be weakening, with multiple Apple suppliers reporting lower revenues as a direct result of “weak iPhone 6s and 6s Plus sales.”

In particular, several Taiwan-based iPhone touch panel makers including TPK Holding and General Interface Solution (GIS) reported more than 30 percent on-month revenue declines for December 2015, while iPhone chassis supplier Catcher Technology is said to be planning to cut its 2016 capital expenditure due to “Apple’s unsatisfactory iPhone 6s sales.”

These twin reports back up other recent stories suggesting that Apple could be cutting iPhone orders by up to 30 percent. Yesterday it was reported that regular iPhone manufacturer Foxconn is breaking with its practice in previous years by cutting employees’ hours during the upcoming weeklong Lunar New Year holiday — rather than offering them overtime hours.

The company has also reportedly received 82 million yuan ($12.53 million) in subsidies from the government of Zhengzhou, Henan province, in order to limit layoffs at the company.