• Apple suppliers are sinking after an iPhone lens maker reported a big drop in sales

    9 days ago - By Business Insider

    Apple suppliers were under pressure early Thursday after the Taiwanese lens maker Largan Precision reported a 25% drop in November revenue versus a year ago.
    Largan Precision makes lenses for iPhones and other smartphones.
    Apple shares fell more than 2% in premarket trading.
    Apple suppliers took a beating Thursday after the Taiwanese iPhone lens maker Largan Precision reported a big decline in sales, becoming the latest supplier to fall under pressure as fears of a slowdown in the smartphone market take hold.
    Largan Precision shares tumbled nearly 10% in premarket trading after the company...
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  • Apple shares fall after UBS sees weakest 'purchase intent' for iPhone in five years

    Apple shares fall after UBS sees weakest 'purchase intent' for iPhone in five years

    9 days ago - By CNBC

    UBS and Rosenblatt Securities both slashed their stock price forecasts on Apple. UBS said so-called purchase intent for the iPhone was the lowest in five years.
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  • An iPhone Camera Lens-Maker Is the Latest Apple Supplier to Scare Stock Markets

    10 days ago - By Fortune

    Apple's iPhone suppliers just won't stop reporting worrying results. This time it's Taiwan's Largan Precision, a maker of iPhone camera lenses, which revealed a year-on-year decline of more than 28% for its November revenues.
    The news hit Largan's share price by almost 10%, and it wasn't the only casualty. Apple assembly contractors Pegatron and Foxconn took hits of 5.3% and 3.6% respectively, while Japanese components manufacturers TDK and Murata fell by 6.6% and 5.3% respectively. Samsung-an Apple rival but also a supplier of memory chips and screens for iPhones-fell by 2.3%.
    Apple's own...
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