Apple's Asia suppliers fall amid fears of weak iPhone sales
TAIPEI (Nov 13): Shares in Asian suppliers and assemblers for Apple Inc fell on Tuesday due to profit warnings that point to weakness in iPhone sales.
Taiwan-based assembler Hon Hai Precision Industry Co Ltd (Foxconn) dropped more than 3 percent and rival Pegatron Corp fell more than 5 percent. Both companies count Apple as one of their major customers.
The Cupertino, California-based tech giant’s shares fell to their lowest in more than three months on Monday after three suppliers cut their forecasts for iPhone sales in the coming holiday season.
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