Apple suppliers’ stock price hit hardest by slumping iPhone sales

By

Foxconn Wisconsin
The benefits of being an Apple supplier might be overrated.
Photo: Foxconn

Being an Apple supplier can be a curse as much as a blessing for some Chinese companies.

While earning Apple’s business can give a big boost to a company’s stock, a new study found that Apple’s suppliers saw their share prices drop significantly lower than Apple’s stock did during the recent iPhone sales slump.