$Frencken (E28.SG)$$UMS (558.SG)$ UMS and Frencken fell on t...

$Frencken(E28.SG)$ $UMS(558.SG)$
UMS and Frencken fell on the news that Apple Inc is cutting production of iPhone 14 Plus within weeks of starting shipments as it re-evaluates demand for the mid-range model. The company told at least one manufacturer in China to immediately halt production of iPhone 14 Plus components, according to the report. The move comes at a time when the global smartphone market has been softening, shrinking 9% in the third quarter compared with the same period a year earlier, according to estimates from data research firm Canalys, which expects weak demand over the next six to nine months.

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