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Apple’s Asia Suppliers Slash Sales Forecasts as US-China Trade War Bites

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Apple’s suppliers in Asia are cutting sales forecasts in anticipation of reduced iPhone sales as the U.S.-China trade war drags on. Among the hardest hit include Taiwan Semiconductor Manufacturing CO (TSMC) which singlehandedly supplies the iPhone’s core processor chips. According to the Nikkei Asia Review, TSMC estimates that its revenues during this year’s first quarter

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* First published on ccn.com

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