"Many different factors are coming together at the same time to hit Apple suppliers. Consumers are not buying iPhones like they have in the past. Also, there is still channel inventory out there that needs to be burned through," said FBR Capital Markets senior analyst Christopher Rolland. "In addition, Apple wants suppliers to make price reductions on their chips, so that will hurt their top line as well."
Apple did not immediately respond to a request for comment from CNBC.
Bucking the trend, Taiwan Semiconductor Manufacturing on Thursday said it would raise capital expenditure by at least 10 percent from 2015's four-year low, partly driven by growth in the global smartphone market. Although, TSMC estimated lower revenue for the current quarter — an off-peak season — compared with three months prior, and said its profit margin would be similar.
The real question is whether this data is included in Wall Street's expectations, Rolland said.
"I would say a very large portion, if not all of it, is well known and already baked into the stock," he said.