Apple celebrates new iPhone models as Asia suppliers suffer


The iPhone XS (left) and XS Max are displayed side to side during the event to announce new products at Apple headquarters.

TAIPEI: With a suite of new devices and a market value of US$1 trillion, Apple Inc has given its investors cause to celebrate. That’s not the case for a number of its suppliers in Taiwan which have suffered from stagnating shipment growth.

General Interface Solution Holding Ltd is the worst performer in the MSCI Taiwan Index over the past year, dropping 58%. Also making the top 10 of poor performers are Apple’s main iPhone assemblers, Hon Hai Precision Industry Co and Pegatron Corp which have both slumped by more than a third.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

PepsiCo's first-quarter results beat as international demand drives growth
Spotify profits up, but lower marketing hits user growth
Rafizi: Economy continues to strengthen along with Bursa Malaysia
MAHB's 1Q24 traffic hits more than 90% recovery rate against 1Q19
IRDA's RM636bil investment goal to help propel Malaysia into top 30 global economies
DXN Holdings net profit for FY24 rises to RM310.99mil
Ringgit closes slightly lower against US dollar
Inta Bina bags RM170mil construction job
PETRONAS Gas commits to sustainability, announces total dividend of 72 sen per share
Crest Builder bags RM486mil condo job

Others Also Read