Apple Suppliers Drop in Asia After IPhone Output Cut Report
- Nikkei Asian Review reports cut of 30% in first quarter
- Analysts began predicting a 2016 sales slump in December
Putting Apple’s iPhone Production Cut Into Perspective
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Apple Inc. suppliers led by Sharp Corp. and Pegatron Corp. fell after Nikkei Asian Review reported the U.S. company would reduce the first quarter output of its latest iPhones by about 30 percent.
Sharp dropped 3.3 percent as of the close in Tokyo trading. Japan Display Inc. slumped 3.5 percent. The Japanese companies both supply screens for Apple devices. Pegatron, which assembles iPhones, fell 5.7 percent in Taipei.