Apple suppliers drop as supply chain woes affect sales

Byd Electronic (International)

29/10/2021 14:21

** Shares of Apple Inc's  AAPL.O  U.S.-based suppliers 
dropped premarket after supply chain woes cost the iPhone maker
$6 billion in sales during the company's fiscal fourth quarter 
    ** CEO Tim Cook told Reuters on Thursday the quarter ended
Sept. 25 had "larger than expected supply constraints" as well
as pandemic-related manufacturing disruptions in Southeast Asia
 urn:newsml:reuters.com:*:nL1N2RO3A2 
    ** U.S.-listed suppliers Texas Instruments Inc  TXN.O  , 3M
Co  MMM.N , Broadcom Inc  AVGO.O , Advanced Micro Devices
 AMD.O  and Lumentum Holdings  LITE.O  dropped between 0.5% and
0.8%
    ** In Hong Kong, acoustic component maker AAC Technologies
 2018.HK  and BYD Electronic  0285.HK  dropped 0.8% and 10%
respectively
    ** However, Apple posted staggering 83% annual sales growth
in China in its fiscal fourth quarter, remaining the phone of
choice for big spenders in the world's second-largest economy
 urn:newsml:reuters.com:*:nL1N2RP08Z



 (Reporting by Shashank Nayar in Bengaluru)
 ((Shashank.Nayar@thomsonreuters.com; within U.S. +1 646 223
8780; outside U.S. +91 80 6182 2256;))