Penang firms: Effect of Apple’s order-cut likely to be temporary

Group chief executive officer Datuk Heng Huck Lee(inset) said the group was confident of achieving its target with a strong double-digit percentage growth for its gross profit.

GEORGE TOWN: Penang-based test equipment and sensor manufacturers expect their customers to exercise caution on outlook and spending this year following Apple Inc lowering its first-quarter guidance.

Globetronics Technology Bhd chief executive officer (CEO) Datuk Heng Huck Lee told StarBiz that the group’s sensor customers are expected to adjust near-term forecasts on orders, which would have an impact on the current projection for the first-half of 2019.