The German chipmaker, whose partnership with Apple accounts for approximately 75 percent of its revenue, said preliminary revenue for the fourth quarter of 2018 was approximately $ 431 million. This figure is barely in the $ 430-470 million reported by the company in October.
The news comes just two weeks after Apple lowered its own revenue estimates for the first quarter of fiscal 201
Apple boss Tim Cook offered a number of explanations for the decline, including the timing of the iPhone XS, XS Max and XR Launch compared to the timing of the iPhone X launch last year, a slowing Chinese economy and the The battery replacement program for $ 29, which resulted in fewer iPhone upgrades than expected.
Last October, Apple agreed to an agreement with Dialog to license its iPhone power management technology and transfer $ 600 million in technical assets. Dialog's shares rose by up to 34 percent, the highest level since 2002.
Under the terms of the agreement, Apple acquired part of the assets of the Anglo-German chipmaker and 300 of its research and development employees, or approximately 16 percent of Dialog's workforce. The deal represents a tremendous investment for Apple, which will take over the dialogue facilities in Italy, Germany and the UK and significantly expand chip research and development across Europe. Subject to regulatory approvals, the deal is expected to close in the first half of 2019.
The agreement followed a report earlier this month, claiming that Apple would design its own energy management chips as early as 2018. This was a big blow for Dialog, the exclusive designer of the current main power management chips for iPhone, iPad, and Apple Watch models.
Dialog's stock initially fell on news of today's earnings forecast, but then rose in German trading, according to the Financial Times . The company has recently gained 2.5 percent, cutting its 12-month loss to around 10 percent, the newspaper said.