The iPhone 13 could lose 10 million units this year
Ifengnet Technology News Beijing time on October 13 news,Shares of Apple inc suppliers fell on Wednesday after news that iPhone 13 production could be cut by as much as 10 million units this year because of the chip shortage crisis.
Shares of Japan Display, the screen supplier that gets more than half of its revenue from Apple, fell as much as 5.6 per cent, their biggest drop in two months, and were down 2.78 per cent at press time. Shares of LG Innotek, which supplies camera modules for the iPhone, fell as much as 6.2% today, down 2.59% at press time.
Japan Display fell 2.78 per cent
Shares in Apple's acoustic component supplier Resound Technology have fallen more than 10 percent since Thursday after it issued a profit warning due to supply chain problems.
LG Innotek shares fell 2.59 percent
In addition to Its Asian suppliers, Apple's US suppliers were also affected by the iPhone 13 cutbacks. Broadcom, Texas Instruments, Citaxone, Lingyun semiconductor and others all fell in after-hours trading on Tuesday. (Author/Xiao Yu)
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