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Monday, January 14, 2019

What's moving markets today

European Apple supplier Dialog Semiconductor (DLGNF) warned Monday that its fourth quarter sales will be at the bottom of the range it forecast last year.

It's the latest sign that weak iPhone sales in China are having an effect on Apple (AAPL) suppliers that rely on the tech giant for orders.

Apple warned earlier this month that it would miss its sales target for the final quarter of 2018 by at least $5 billion, due to slower than expected sales in the world's second largest economy.

Despite the warning, Dialog Semiconductor shares in Frankfurt rose 2.8% on Monday.

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from CNN.com - RSS Channel https://cnn.it/2Cm0t92

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