Apple’s Taiwan Suppliers Resume Double-Digit Decline in August
- Sales among key makers and assemblers down 12% from last year
- The AI boom hasn’t been enough to offset weak consumer demand
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Apple Inc.’s major suppliers in Taiwan suffered another double-digit sales decline in August as weak consumer demand dragged down the wider electronics industry.
Total revenue among the island’s major assemblers and manufacturers fell 12.3% from a year ago to NT$951.41 billion ($29.6 billion), according to data compiled by Bloomberg. It deepened the slump from July’s 9% drop, leading to a 7.5% fall for the year so far, mirroring a prolonged decline in sales of smartphones, laptops and other personal electronics that’s lasted since last year.