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Intel's Q4 earnings affected by weak modem demand due to sluggish iPhone sales

Intel’s Q4 earnings affected by weak modem demand due to sluggish iPhone sales

Intel's 5G modem, the XMM 8160.

Slow iPhone sales have affected one other Apple provider – Intel. 

Intel introduced its Q4 2018 earnings just a few days in the past which missed analysts’ expectations. While Intel’s income is up 9% year-over-year at US$18.66 billion, Wall Street analysts have been anticipating US$19.01 billion. Intel attributed the lower-than-expected income to “weaker modem demand, a slowdown in China, cloud prospects absorbing capability, and a weakening NAND surroundings”. 

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Since Intel is the exclusiver provider of radio modems for the 2018 iPhone lineup, sluggish sales of the iPhones within the vacation quarter will certainly have an effect on its income.

Intel is not alone on this state of affairs; digicam lens provider Largan Precision additionally reported a major drop in income final month. Foxconn reported its income drop in 10 months due to a drop in demand within the shopper class merchandise. 

Source: Intel through 9to5Mac

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