Asian stocks of Apple (NASDAQ:AAPL) suppliers declined on Wednesday following the iPhone 17 reveal, reflecting market concerns over a potentially muted consumer upgrade cycle and cost pressures from tariffs.
Apple shares closed 1.5% lower on Tuesday after its launch event.
Chinese assembler Luxshare Precision (SZ:002475) shares fell 1.2%, while Shenzhen-listed shares of glass maker Lens Technology Co Ltd (SZ:300433) shed 1.5%.
Taiwan’s Lens maker LARGAN Precision (TW:3008) and Hong Kong-listed audio components specialist AAC Technologies (HK:2018) also fell 1.3% and 0.6%, respectively.
Shares of South Korea’s LG Display (KS:034220), a display panel manufacturer that supplies OLEDs, declined 1.3%.
Analysts said the declines reflected investor caution over Apple absorbing $1 billion in tariff costs without raising iPhone prices and concerns about lower-than-expected component orders.
Investors also fretted over the lack of details on its artificial intelligence updates, where other phonemakers are using their AI features as their top selling points.
