The market took a bite out of Apple shares to start the week, with the stock dipping after a cut in the revenue outlook of supplier Dialog Semiconductor. Now one analyst says there could be hiccups ahead for the technology giant.
"Anytime there's a hiccup, people are concerned that we are moving into a stalled part of the cycle — and the fact is, the smartphone cycle is slowing," Colin Gillis, senior technology analyst at BGC Financial, told CNBC's "Squawk Alley" on Tuesday. "It's slowing on a broad basis, and it's slowing in particular for Apple."
Because the majority of Apple's revenue comes from iPhone sales, the company may become a "victim of its own success" as it tries to ramp up sales in an increasingly saturated smartphone market, Gillis said.