Case 5:19-cv-00036-RWS Document 66-35 Filed 08/27/19 Page 1 of 12 PageID #: 3442
`Case 5:19-cv-00036—RWS Document 66-35 Filed 08/27/19 Page 1 of 12 PageID #: 3442
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`EXHIBIT 34
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`EXHIBIT 34
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`Case 5:19-cv-00036—RWS Document 66-35 Filed 08/27/19 Page 1 of 12 PageID #: 3442
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`EXHIBIT 34
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`EXHIBIT 34
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`Case 5:19-cv-00036-RWS Document 66-35 Filed 08/27/19 Page 2 of 12 PageID #: 3443
`8/22/2019
`Qorvo joins other Apple suppliers in cutting forecast - Reuters
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`TECHNOLOGY NEWS
`NOVEMBER 13, 2018 / 9:54 AM / 9 MONTHS AGO
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`Qorvo joins other Apple suppliers in cutting forecast
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`A man holds two boxes for the Apple’s new iPhone X which went on sale today, at the Apple Store in Regents Street in
`London, Britain, November 3, 2017. REUTERS/Peter Nicholls
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`https://www.reuters.com/article/us-qorvo-outlook/qorvo-joins-other-apple-suppliers-in-cutting-forecast-idUSKCN1NI1U8
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`1/11
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`Case 5:19-cv-00036-RWS Document 66-35 Filed 08/27/19 Page 3 of 12 PageID #: 3444
`8/22/2019
`Qorvo joins other Apple suppliers in cutting forecast - Reuters
`(Reuters) - Apple supplier Qorvo Inc (QRVO.O) cut its third-quarter forecast for profit and
`revenue on Tuesday, joining a handful of suppliers to the iPhone maker that have warned of an
`earnings hit due to lower demand from a major customer.
`
`Qorvo, which supplies radio frequency chips to Apple, said the forecast cut was due to “recent
`demand changes for flagship smartphones.”
`
`Analysts told Reuters on Monday that the “unnamed customer” the suppliers are blaming for
`their forecast cut is Apple.
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`A D V E R T I S E M E N T
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`Apple Inc (AAPL.O) warned earlier this month that holiday sales would miss Wall Street
`expectations, blaming the fall on weakness in emerging markets and foreign exchange costs.
`
`Lumentum Holdings Inc (LITE.O), the main supplier of the Face ID technology in the latest
`generation of iPhones, cut $70 million off its forecasts for revenue on Monday.
`
`Screen maker Japan Display Inc (6740.T) cited lower smartphone demand in cutting its own
`outlook, while British chipmaker IQE Plc (IQE.L) also said it expects a material reduction in
`its financial performance in the current year.
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`https://www.reuters.com/article/us-qorvo-outlook/qorvo-joins-other-apple-suppliers-in-cutting-forecast-idUSKCN1NI1U8
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`2/11
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`Case 5:19-cv-00036-RWS Document 66-35 Filed 08/27/19 Page 4 of 12 PageID #: 3445
`8/22/2019
`Qorvo joins other Apple suppliers in cutting forecast - Reuters
`A D V E R T I S E M E N T
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`PA I D F O R A N D P O S T E D BY M AT T H E W S A S I A
`The Outlook for Asian Markets
`
`Matthews Asia CIO Robert Horrocks discusses the strengths of a patient approach
`in turbulent times.
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`Read More ›
`
`Qorvo currently expects third quarter revenue in the range of $800 million to $840 million,
`down from its previous forecast of $880 million to $900 million.
`
`Shares of Qorvo fell 2.3 percent, while Apple was down nearly 1 percent in early trading.
`
`Reporting by Vibhuti Sharma in Bengaluru; Editing by Anil D'Silva
`
`Our Standards: The Thomson Reuters Trust Principles.
`
`M O R E F R O M R E U T E R S
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`https://www.reuters.com/article/us-qorvo-outlook/qorvo-joins-other-apple-suppliers-in-cutting-forecast-idUSKCN1NI1U8
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`3/11
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`PUBLIC VERSION
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`Case 5:19-cv-00036-RWS Document 66-35 Filed 08/27/19 Page 5 of 12 PageID #: 3446
`8/22/2019
`Qorvo joins other Apple suppliers in cutting forecast - Reuters
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`https://www.reuters.com/article/us-qorvo-outlook/qorvo-joins-other-apple-suppliers-in-cutting-forecast-idUSKCN1NI1U8
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`4/11
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`PUBLIC VERSION
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`Case 5:19-cv-00036-RWS Document 66-35 Filed 08/27/19 Page 6 of 12 PageID #: 3447
`8/22/2019
`Qorvo joins other Apple suppliers in cutting forecast - Reuters
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`https://www.reuters.com/article/us-qorvo-outlook/qorvo-joins-other-apple-suppliers-in-cutting-forecast-idUSKCN1NI1U8
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`5/11
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`Case 5:19-cv-00036-RWS Document 66-35 Filed 08/27/19 Page 7 of 12 PageID #: 3448
`8/22/2019
`Qorvo joins other Apple suppliers in cutting forecast - Reuters
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`Case 5:19-cv-00036-RWS Document 66-35 Filed 08/27/19 Page 8 of 12 PageID #: 3449
`8/22/2019
`Qorvo joins other Apple suppliers in cutting forecast - Reuters
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`7/11
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`Case 5:19-cv-00036-RWS Document 66-35 Filed 08/27/19 Page 9 of 12 PageID #: 3450
`8/22/2019
`Qorvo joins other Apple suppliers in cutting forecast - Reuters
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`https://www.reuters.com/article/us-qorvo-outlook/qorvo-joins-other-apple-suppliers-in-cutting-forecast-idUSKCN1NI1U8
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`Case 5:19-cv-00036-RWS Document 66-35 Filed 08/27/19 Page 10 of 12 PageID #: 3451
`8/22/2019
`Qorvo joins other Apple suppliers in cutting forecast - Reuters
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`9/11
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`Case 5:19-cv-00036-RWS Document 66-35 Filed 08/27/19 Page 11 of 12 PageID #: 3452
`8/22/2019
`Qorvo joins other Apple suppliers in cutting forecast - Reuters
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`https://www.reuters.com/article/us-qorvo-outlook/qorvo-joins-other-apple-suppliers-in-cutting-forecast-idUSKCN1NI1U8
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`10/11
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`Case 5:19-cv-00036-RWS Document 66-35 Filed 08/27/19 Page 12 of 12 PageID #: 3453
`8/22/2019
`Qorvo joins other Apple suppliers in cutting forecast - Reuters
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`© 2019 Reuters. All Rights Reserved.
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`https://www.reuters.com/article/us-qorvo-outlook/qorvo-joins-other-apple-suppliers-in-cutting-forecast-idUSKCN1NI1U8
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