Apple supplier AAC Tech posts first profit drop in four years on sluggish global smartphone market
Apple supplier AAC Tech posts first profit drop in four years on sluggish global smartphone market
“AAC Technologies Holdings Inc, an acoustic components supplier to Apple Inc, said on Wednesday second-quarter net profit fell for the first time in nearly four years, hit by plateauing iPhone sales and a sluggish global smartphone market,” Sijia Jiang reports for Reuters.
“Shares of AAC plunged almost 11 percent after the company said net profit dropped 39 percent from a year earlier…
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