Apple’s Austrian vassal solves one of its problems

Chipmaker AMS on April 30 said revenue in the three months to end-March fell 20 percent from the fourth quarter of 2018 to $390.2 million, at the upper end of its guidance. The group’s operating margin was 6 percent.

AMS, which specialises in sensor technology for tasks like facial recognition, gave an upbeat outlook for the second quarter as it benefited from a rising number of Android smartphones using its 3D optical sensors. The Austrian firm expects revenue in the second quarter to be between $390 million and $430 million and its operating margin to reach around 10 percent in the period.

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