Apple’s Taiwan Suppliers See Sales Falter Again on Slow Demand
- Mac shipments were down significantly in the first quarter
- Consumer electronics market has yet to show signs of recovery
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Revenue among Taiwan’s major Apple Inc. suppliers fell for a fourth straight month in May, as high living costs keep a lid on consumer discretionary spending.
The group of device assemblers like Hon Hai Precision Industry Co. and components makers like Taiwan Semiconductor Manufacturing Co. reported overall sales of NT$944.10 billion ($30.5 billion) in May, 7.8% lower than a year ago and worse than April’s 2.1% drop, according to data compiled by Bloomberg.