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European chipmaker stocks fall after Apple forecasts lower revenues

Reuters - UK Focus

LONDON, Jan 27 (Reuters) - Shares (Berlin: DI6.BE - news) in leading European technology and chipmaker stocks fell on Wednesday after Apple (Swiss: AAPL.SW - news) forecast its first revenue drop in 13 years.

ARM Holdings (LSE: ARM.L - news) , the British chip designer whose technology powers Apple (LSE: 0R2V.L - news) 's iPhone, fell 1.5 percent to underperform a 0.4 percent drop on the benchmark FTSE 100 index .

Rival German chipmaker Dialog fell 1.5 percent while AMS (LSE: 0QWC.L - news) also edged down by 0.2 percent.

Apple predicted its first revenue drop in 13 years and reported the slowest-ever increase in iPhone shipments as the critical Chinese market showed signs of weakening, suggesting the technology company's period of exponential growth may be ending. (Reporting by Sudip Kar-Gupta; Editing by Atul Prakash)