Apple parts supplier Nidec cuts 2019 sales forecast

Apple parts supplier Nidec cuts 2019 sales forecast

Nidec, a supplier of vibration motors present in all iPhone models, has announced that the company is expecting a major drop in their yearly revenue. It will be the first time in six years that Nidec will see its yearly operating profit decline. The announcement comes just a day after Taiwan Semiconductor Manufacturing had reduced its revenue forecast for January-March quarter.

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