TECH - Apple and Suppliers Face Unanticipated Sales Slump Despite New Launches | Benzinga
In a surprising turn of events, Apple Inc (NASDAQ: AAPL) and its key suppliers in Taiwan are facing a significant sales slump despite the recent launch of the new iPhone and various Android devices.
Taiwan Semiconductor Manufacturing Co (NASDAQ: TSM), the leading contract chipmaker, experienced a 13.4% sales drop, a figure that, while concerning, is better than initially feared.
The broader group of major assemblers and component makers saw a sharper decline of 16.4%, plummeting to NT$1.24 trillion ($38.7 billion) from the previous year, according to data compiled by ...