TOKYO |
BEIJING Sharp Corp and other Apple Inc suppliers declined in Asia trading after
the Nikkei newswire said orders for iPhone 5 parts had been cut about 50%
following lowerthan-expected sales.
Sharp, which
makes display panels for the iPhone 5, fell 2.7% to close at 321 yen in Tokyo.
Samsung Electronics, which supplies Apple and makes its own competing phones,
declined 2.6% in Seoul. Speaker-maker AAC Technologies Holdings Inc. dropped
2.8% in Hong Kong. Apple hit an 11-month low in New York on Monday after the
Nikkei report underscored concerns about iPhone 5 sales and the wider
smartphone market. Ex-chief executive officer John Sculley also said on Tuesday
the Cupertino, California-based company needs to develop cheaper phones to
boost sales in emerging markets.
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