SQUEEZED: Shares of Apple Inc's component suppliers came under pressure on Wednesday as investors locked in recent gains on concerns that its lower-cost iPhone was still too expensive for its target audience in China and other emerging markets. — Reuters
TOKYO/HONG KONG: Shares of Apple Inc's component suppliers came under pressure on Wednesday as investors locked in recent gains on concerns that its lower-cost iPhone was still too expensive for its target audience in China and other emerging markets.
Apple's own shares were down more than 5% a day after it 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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