Missing targets: Customers walk into an Apple Store in Beijing. Apple says sales for the usually busy holiday period will likely miss analyst expectations as sales in emerging markets including India are weak.— Reuters
SINGAPORE: Apple Inc’s Asian supplier and assembler stocks fell 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.
Taiwan-based assembler Pegatron Corp fell 5% and rival Hon Hai Precision Industry Co Ltd (Foxconn) dropped 3.6%. Apple is widely considered the biggest customer for Foxconn.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!
