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Finisar Falls: Big Apple iPhone Sensing Deal Delayed, Not Lost, Say Bulls

Finisar shares are down 6% after it Thursday afternoon missed with its quarterly revenue outlook, saying it experienced a delay in selling parts for 3-D sensing, which most observers believe are destined for Apple's next iPhone. Finisar told analysts the shortfall is merely a delay, not a case of lost business, as it had to adjust its manufacturing techniques to improve the part.
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