When Apple’s chief executive Tim Cook warned this week that fourth-quarter revenues would be lower than expected, investors took fright.
Suggestions of weakening demand for iPhones had been swirling around the market at the end of last year. Mr Cook admitted that demand had slumped in China, blaming a broad slowdown in the world’s second-largest economy.
The effects of the rare warning from Apple, which sent shares in the US tech giant tumbling 8 per cent overnight on Wednesday, rippled through Asia-based suppliers yesterday.
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