Apple Suppliers Face China iPhone Sales Exposure
- IPhone sales accounts for 63 percent of Apple’s revenues
- Chinese sales equal one-fifth of total revenue in FY2018
Customers browse inside an Apple Inc. store in Hong Kong, China.
Photographer: Anthony Kwan/BloombergThis article is for subscribers only.
On Jan. 2, Apple Inc. cut its revenue outlook for the first time in almost two decades, citing weaker iPhone demand in China. Asian suppliers slumped and analysts slashed their price targets. In the fiscal year ended Sept. 2018, Apple generated 63 percent of its total revenue from the sale of iPhones and 20 percent of its total revenue in Greater China.
Bloomberg did a supply-chain analysis to estimate what revenue impact the Apple announcement may have had on seven iPhone component suppliers.