INSUBCONTINENT EXCLUSIVE:
Apple loses market cap on a report that suggests weak demand of mobile phonesTaipei: Apple lost over $60 billion in market cap in two days
after Taiwan Semiconductor, Apple's biggest supplier, said in an earnings update that second-quarter revenues would be hit by "weak demand
Apple shares fell nearly seven per cent on Thursday and Friday over reports of a sharper slowdown in smartphone sales this year, Financial
Dialog Semiconductor, Qualcomm and Qorvo.For the first time since 2009, smartphone sales in China fell last year while global sales fell in
the fourth quarter of 2017 for the first time since 2004.In another setback for the iPhone maker, its efforts to get LG Display's OLED
divided on whether LG will be able to succeed as Samsung's replacement for OLED displays.The Cupertino-based company currently uses
facility near its headquarters in California.It is believed that Apple will switch to OLED displays for all of its iPhone releasing in
2019.(Except for the headline, this story has not been edited by staff and is published from a syndicated feed.)
