S.Korea's iPhone part suppliers tumble

LG Innotek Co

06/11/2018 01:44

** South Korean electronic part suppliers Samsung
Electro-Mechanics  009150.KS  and LG Innotek  011070.KS  wobble
after Nikkei Asian Review saw dimmer outlook for the new iPhone
XR
    ** Nikkei Asian Review on Monday says Apple has signalled
disappointing demand for the new iPhone XR, telling its top
smartphone assemblers Foxconn and Pegatron to halt plans for
additional production lines dedicated to the relatively
cost-effective model that hit shelves in late October, citing
sources  urn:newsml:reuters.com:*:nFWN1XG09L
    ** Apple Inc  AAPL.O  previously gave cautious sales
forecast amid weakness in emerging markets  urn:newsml:reuters.com:*:nL2N1XC1A7
    ** Shares of Samsung Electro-Mechanics and LG Innotek fall
as much as 6.3 pct and 5.6 pct, respectively
    ** While Nikkei report struck both companies, drop in
October sales of Yageo Corp  2327.TW , low-end Multilayer
Ceramic Chip Capacitor (MLCC) producer, hinted dimmer outlook
for high-end MLCC producer Samsung Electro-Mechanics, says Lee
Kyu-ha, an analyst at NH Investment & Securities
    ** The sub-index for electric & electronics  .KS41  was
trading down 1.1 pct
    ** Broader market  .KS11  up 0.4 pct as of 0135 GMT

 ((joori.roh.thomsonreuters.com@reuters.net))