Demand from Apple, other smartphone firms lifts AMS revenues

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Demand from Apple, other smartphone firms lifts AMS revenues
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Austria's AMS , which is launching a new takeover offer for Germany's ...

AMS’s key revenue source is optical sensors. Its main customer is Apple, which uses the Austrian group’s 3D facial recognition technology in its latest iPhones and accounts for around 40% of group revenue according to analyst estimates.

The adjusted EBIT margin was 28%, in line with the firm’s forecast for above 25%, and it was expected to at least stay at this level in the fourth quarter, AMS said.

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