Report
Seth Sherwood
EUR 100.00 For Business Accounts Only

Lowering AMS’ FVE to CHF 65 as Apple Suppliers Struggle with iPhone Unit Outlook

On Nov. 12, Apple supplier and AMS competitor Lumentum announced updated guidance for significantly lower levels of revenue and profits in the firm’s upcoming quarter because of a material reduction in 3D sensing unit sales from one of the firm’s largest customers, Apple. This announcement followed lower guidance from another supplier, Skyworks, as well as reports in Asia detailing weak demand for Apple’s new budget 3D-sense smartphone, iPhone XR. Despite AMS remaining silent on these headlines,...
Underlying
Ams AG

AMS provides advanced sensor and analog solutions for high value and emerging markets. Co.'s markets include Consumer and Communications and Industrial, Medical, Automotive. Co. delivers a broad range of innovative technology solutions for consumer electronics and communication device manufacturers including intelligent light sensors, MEMS microphone ICs, NFC solutions, active noise-cancelling ICs and ultra-low power management solutions. Co. offers customized, application-specific integrated circuits and standard solutions for a broad range of industrial applications including automation and control, position sensors, building automation, security and high-resolution seismic analysis.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Seth Sherwood

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