Apple, Suppliers Drop After Report of Cut in iPhone Orders
Apple Inc. shares and Europe-based suppliers declined after a report that the technology giant has warned its supply chain of a drop of around 20 percent in new iPhone component orders. Apple fell 2.1 percent in U.S. pre-market trading, after its Frankfurt-listed shares also lost as much as 2.1 percent. Other European semiconductor stocks including Dialog Semiconductor Plc, STMicroelectronics NV and Infineon Technologies AG all slipped after the Nikkei said that Apple told its supply chain to prepare about 20 percent fewer components for iPhones debuting in the latter half of this year, compared with 2017’s orders, citing people in the industry it didn’t identify.
Source:: https://finance.yahoo.com/news/apple-drops-report-iphone-order-090316575.html
