Advertisement
Singapore markets closed
  • Straits Times Index

    3,224.01
    -27.70 (-0.85%)
     
  • S&P 500

    5,250.66
    +2.17 (+0.04%)
     
  • Dow

    39,779.39
    +19.31 (+0.05%)
     
  • Nasdaq

    16,394.17
    -5.36 (-0.03%)
     
  • Bitcoin USD

    70,778.16
    -224.61 (-0.32%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,959.12
    +27.14 (+0.34%)
     
  • Gold

    2,230.10
    +17.40 (+0.79%)
     
  • Crude Oil

    82.57
    +1.22 (+1.50%)
     
  • 10-Yr Bond

    4.2180
    +0.0220 (+0.52%)
     
  • Nikkei

    40,168.07
    -594.66 (-1.46%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • FTSE Bursa Malaysia

    1,530.60
    -7.82 (-0.51%)
     
  • Jakarta Composite Index

    7,288.81
    -21.28 (-0.29%)
     
  • PSE Index

    6,903.53
    +5.36 (+0.08%)
     

Why Lumentum Holdings Inc. Is Tanking over 30%

One can only assume that the large customer is Apple Inc. (Nasdaq: AAPL), and this idea finds support in the report “Apple warns suppliers of 20% drop in new iPhone parts orders,” published by Nikkei Asian Review back on June 8. In the report, the authors stated that Apple had “asked its supply chain to prepare around 20% fewer components for iPhones debuting in the latter half of 2018,” so it looks like their information was spot-on once again.