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.

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