Local tech appear unperturbed by Apple smartphone slump

TheStar Mon, Aug 14, 2023 12:00am - 8 months View Original


PETALING JAYA: Asean countries continue to see good trade inflows amid the prevailing tense in trade relations between the United States and China.

This has helped lift sentiment in the technology sector in the country. For Malaysia, the sector continues to hold steady and sentiment is firm despite Apple Inc, the biggest smartphone maker, recently posting its third straight quarter of declining sales.

A good number of local tech companies rely on Apple for a substantial portion of their order books as they make up for part of the smartphone maker’s vast global supply chain.

In the near term, the biggest smartphone maker in the world was recently reported as saying that it expects a similar performance in the coming quarter, which could mark a longest streak of declines in two decades.

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