AMS posts third-quarter revenue jump, sees strong demand from Apple, others

Read MORE

Apple supplier AMS beat expectations with a 41% jump in third-quarter revenue on Tuesday and forecast further strong demand for its optical sensors from smartphone makers as it takes aim at a takeover of German lighting maker Osram . “AMS delivered even stronger results than expected and the outlook for the fourth-quarter also confirms the very solid business momentum not just with Apple but also the Android ecosystem,” Vontobel analysts said in a note to clients. AMS’s main revenue source is optical sensors and Apple, its top customer, uses the Austrian firm’s 3D facial recognition technology in its latest iPhones.

Share: