“As Apple basks in the unprecedented demand for its latest iPhones, suppliers from Tokyo to Taipei are sharing in the spoils,” Simon Mundy and Kana Inagaki report for The Financial Times.
“With iPhone sales up 40 per cent year on year in the first quarter, Murata — a Japanese producer of energy-storing ceramic capacitors that counts Apple as its biggest customer — said its operating profit rose 116 per cent from a year earlier,” Mundy and Inagaki report. “Earnings at Taiwan’s Largan, which supplies iPhone camera modules, were up 61 per cent, while those of the South Korean iPhone screen supplier LG Display were almost eight times the level of a year before.”
Mundy and Inagaki report, “The booming earnings in Apple’s supply chain demonstrate the impact of smartphone market shifts on the web of Asian component suppliers and assemblers that are the bedrock of the industry.”
Read more in the full article here.
MacDailyNews Take: Behold the power of Apple’s iPhone.
[Thanks to MacDailyNews Reader “Edward W.” for the heads up.]