Asian supplier shares fall as Apple's 5C iPhone stirs doubts


  • Business Premium
  • Wednesday, 11 Sep 2013

TOKYO/HONG KONG: Shares of Apple Inc's component suppliers in Asia came under pressure on Wednesday as investors lock in recent gains on concerns that its lower-cost iPhone is still too expensive for its target audience in China and other emerging markets.

On Tuesday, Apple unveiled its flagship iPhone 5S with a fingerprint scanner to help it stand out among the smartest of phones. It also introduced the colourful 5C plastic model for emerging markets.

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