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Weak iPhone sales hit shares of Europe's Apple suppliers

Suppliers rely on strong iPhone sales for part of their profit

Reuters  |  London 

Shares of European suppliers of microchips, sensors and circuitry to Apple fell on Wednesday after the smartphone company's much-awaited iPhone sales missed expectations in the second quarter. Suppliers rely on strong iPhone sales for part of their profits, and in some cases Apple's announcement on Tuesday reawakened concerns about excessive exposure to Apple. Shares in Dialog Semiconductor, which provides power management systems for Apple, fell 3 percent, among the top European fallers on the day. The company has been in investors' focus since mid-April when a ...

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First Published: Wed, May 03 2017. 16:18 IST
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