Apple Inc.’s recent products are getting a thumbs down, at least by investors in the company’s Asian suppliers.
Hon Hai Precision Industry Co ., which makes the iPhone and other Apple devices, has fallen 10 percentage in Taipei since Apple unveiled its collect of new devices for the holidays this month. Other suppliers across the region, including Taiwan’s Pegatron Corp. and South Korea’s LG Innotek Co. have submerge more than 12 percent.
Taiwan’s $ 1.1 trillion equity busines is particularly exposed to the swinging riches of Apple concoctions, due to the dominance of roles producers. Hon Hai and Taiwan Semiconductor Manufacturing Co ., Apple’s main chip-maker, together make up a one-quarter of the Taiex total weighting, while exports account for more than half of the island’s gross domestic product.