“As a result, our revenue from Apple products in fiscal '27 will be less than our previous guidance of a little over $2 billion.”

In context

“Akash Palkhiwala (Chief Financial Officer): I wouldn't characterize it that way, Stacy. Think of it as supply constraints were part of it, and where discussions ended up is that we'd have materially less than 20% share. As a result, our revenue from Apple products in fiscal '27 will be less than our previous guidance of a little over $2 billion. The way to think about '27 is the growth we're targeting in non-handset areas, which we said will be greater than 60% year-over-year, will effectively replace the entire Apple product revenue within the year.”