iPhone X Is Dead, Says Analyst, While LG Faces OLED Display Manufacturing Issues

iPhone X Is Dead, Says Analyst, While LG Faces OLED Display Manufacturing Issues By : Mushfiq Mehraj (Fiesty Budgie) , 22 April 2018 HIGHLIGHTS Apple shares fell nearly 7 percent on Thursday and Friday The drop followed an earnings forecast by TSMC Separately, an analyst claimed the iPhone X is dead in the water Apple lost over $60 billion in market cap in two days after Taiwan Semiconductor Manufacturing Co ( TSMC ), Apple's biggest supplier, said in an earnings update that second-quarter revenues would be hit by "weak demand from the mobile sector". Separately, Apple supplier LG Display is said to have been affected by manufacturing issues for OLED displays meant for upcoming iPhones, while an analyst claimed the iPhone X was dead. Apple shares fell nearly 7 percent on Thursday and Friday over reports of a sharper slowdown in smartphone sales this year, Financial Times reported late on...