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Apple's Asia suppliers fall on report that iPhone XR production boost nixed

Apple shares fell nearly 4% on Monday after the report from the Nikkei financial daily

Reuters 

Apple Inc's Asian supplier and assembler stocks fell on Tuesday on a media report that the iPhone maker had told its smartphone assemblers to halt plans for additional production lines dedicated to its new iPhone XR. Taiwanese assembler Pegatron Corp fell nearly 4 per cent and rival Hon Hai Precision Industry Co Ltd (Foxconn) fell 2.5 per cent. Apple is widely considered the biggest customer for Foxconn. Apple shares fell nearly 4 per cent on Monday after the report from the Nikkei financial daily, which fuelled concerns that the iPhone XR - the cheapest of three iPhones ...

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First Published: Tue, November 06 2018. 09:13 IST
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