Apple shares fell nearly 4% on Monday after the report from the Nikkei financial daily.
Apple
Inc's Asian supplier and assembler stocks fell on Tuesday on a media
report that the iPhone maker had told its smartphone assemblers to
halt plans for additional production lines dedicated to its new
iPhone XR.
Taiwanese
assembler Pegatron Corp fell nearly 4 per cent and rival Hon Hai
Precision Industry Co Ltd (Foxconn) fell 2.5 per cent. Apple is
widely considered the biggest customer for Foxconn.
Apple
shares fell nearly 4 per cent on Monday after the report from the
Nikkei financial daily, which fuelled concerns that the iPhone XR -
the cheapest of three iPhones unveiled in September - was facing weak
demand just days after it hit shelves.
The
Nikkei, citing supply chain sources, said Apple had also asked
smaller iPhone assembler Wistron Corp to stand by for rush orders,
but that the company will receive no planned orders for the iPhone
XR this season. Wistron shares were down just over 1 per cent on
Tuesday.
A
bunch of Apple's other Taiwanese suppliers fell sharply, including
camera lens-maker Largan Precision Co Ltd, which was down more than 7
per cent, and Flexium Interconnect Inc, which fell 6 per cent. The
Taiwan Weighted Index was down around 0.9 per cent.
Hong
Kong-based acoustic components supplier AAC Technologies Holdings Inc
fell 7 per cent. South Korean electronic parts suppliers Samsung
Electro-Mechanics Co Ltd and LG Innotek Co Ltd were down more than 6
per cent.
The
Nikkei report comes days after Apple said sales for the usually busy
holiday period would likely miss analyst expectations as sales in
emerging markets including India were weak.
Apple
on Monday did not respond to Reuters' request for comment. Foxconn
and Pegatron declined to comment on specific customers or products.
Wistron was not immediately available for comment... Read
More
No comments:
Post a Comment