Tumble In Apple Lens Maker Share Prices Trigger Wave Of Drops In Other Suppliers
Apple suppliers took a beating Thursday after the Taiwanese iPhone lens maker Largan Precision reported a big decline in sales.
According to Business Insider, it's the latest supplier to fall under pressure as fears of a slowdown in the smartphone market grow.
Apple shares fell more than 2% in premarket trading.
Largan Precision shares tumbled nearly 10% in premarket trading after the company reported a 29% drop in November revenue compared to the same month last year.