Apple suppliers' stock prices fell on Monday, after analysts warned that the demand for the new iPhone 16 Pro was weaker than expected based on sales data.
In the USA, Cirrus Logic fell by 7.6%, Qorvo by 6.3%, Skyworks by 5%, Micron by 4.4%, Broadcom by 3%, Taiwan Semiconductor by 2.3%, and Apple by 3.3%.
In Europe, suppliers such as Infineon, STMicroelectronics, AMS OSRAM, and other suppliers saw their stock prices fall by at least 2%. Soitec, a wafer manufacturer with high exposure in the smart phone industry, dropped by about 9%.
Tianfeng International Securities analyst Ming-Chi Kuo stated that the estimated pre-order sales volume, which began to be counted last Friday, was 37 million units, a decrease of nearly 13% from the iPhone 15 released last year.