iPhone Disappointment Hammers Suppliers
- Hon Hai has fallen 10% since Apple unveiled latest products
- Taiwan is home to some of Apple’s biggest component suppliers
Apple's New IPhones Arrive Amid Lackluster Reviews
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Apple Inc.’s latest products are getting a thumbs down, at least by investors in the company’s Asian suppliers.
Hon Hai Precision Industry Co., which assembles the iPhone and other Apple devices, has fallen 10 percent in Taipei since Apple unveiled its collection of new gadgets for the holidays this month. Other suppliers across the region, including Taiwan’s Pegatron Corp. and South Korea’s LG Innotek Co. have plunged more than 12 percent.