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STMicro's Apple revenue declined for the second straight year. Down $750M+ vs 2022 peak as it lost well documented optical module. ST hopes to regain Apple content starting 2H25. The company supplies multiple sensors (motion and optical), secure MCU etc. Apple revenue sits in ST's Personal Electronics group. Auto & industrial, which accounts for two-thirds of ST's business, is going through a rough patch too and will likely recover this year.
Source: Sravan Kundojjala
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