Apple Supplier Warns Of Major Drop In Smartphone Sales
An Apple supplier is warning of a significant decline in smartphone demand as we head into the holiday shopping season. Corning, the Apple supplier that makes glass for the iPhone, says that it has seen weaker-than-expected demand for smartphones. The company is now forecasting that smartphone sales will be down 12% in 2022 compared to 2021. For Q4, Corning is forecasting $3.55 billion in sales, which is lower than the analyst consensus of $3....