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Apple's Asian suppliers are in the aftermath of Apple's market cap tumbling below $ 1 trillion.
The Nikkei Asian Review reported, citing sources, that the company would halt additional production lines for its new iPhone model. That feels the smartphone manufacturer's suppliers down across Asia, while Apple's stock is set for further declines – falling 0.5% in premarket trading on Tuesday morning.
Hon Hai Precision Industry, better known as Foxconn, fell 3.4%, tracking many Asian stock markets dropped. Foxconn's biggest customer, but other stocks were hit worse.
Apple supplier Pegatron, Taiwanese assemble, fell 4.6%. Other Apple suppliers in Taiwan, including camera lens maker Largan Precision Flexium and Interconnect both fell 6.3%.
Hong Kong-based acoustic components supplier AAC Technologies fell 3.5%. In South Korea, Apple's suppliers for Samsung rivals and LG Innotek were down more than 6%.
Apple closed just above $ 200 amidst the latest technology. The company posted its worst trading day last Friday with a 6.6% drop, continuing 5 weeks of the stock's declines. The company lacks analysts' earnings targets in the usually less expensive than expected.
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