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Tuesday, November 06, 2018, 11:37
Apple's shareholders and suppliers in Asia announced that the Kuverin company had requested the termination of additional production line projects for the iPhone XR.
As a result, Taiwan-based iPhone maker Pegatron dropped 5%, while Foxconn dropped 3.6%. Note that Apple's largest Foxconn customer.
In the same context, Apple's inventories and other suppliers suffered losses. Largan Precision, the maker of camera lenses, saw its price fall by 6%, while that of Hong Kong, AAC Technologies, fell by more than 6%.
Apple's ecosystem has been turned upside down when information has been revealed that Apple has asked its suppliers not to plan additional production lines for the iPhone XR, as orders are relatively low by compared to forecasts.
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