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Apple shares drop on iPhone suppliers’ warnings

CALIFORNIA: Apple Inc shares fell to their lowest in more than three months on Monday as three suppliers issued warnings on results that pointed to weakness in iPhone sales. The Cupertino, California company’s signature product has become pricier with every new launch and analysts say that consumers, especially in emerging markets such as India, are ditching them for cheaper alternatives like those offered by China’s OnePlus. The company warned earlier this month that holiday sales would miss Wall Street expectations,…

Samsung to compensate suppliers hit by Note 7 crisis

SEOUL: Samsung Electronics said Tuesday it would compensate suppliers hit by the decision to scrap its Galaxy Note 7 smartphones because of safety fears with exploding batteries. The South Korean electronics giant announced a week ago that it was discontinuing the Note 7 after a chaotic recall that saw replacement phones also catching fire. Samsung said the affair would cost the company an estimated $5.3 billion in lost profits over the three quarters beginning July. The crisis also hit its numerous suppliers -- who…

Apple suppliers to start making larger iPhones next month: Bloomberg

NEW YORK:  Apple Inc's suppliers will begin producing larger versions of the iPhone in China next month, Bloomberg reported citing sources. Apple is ramping up production of iPhones with 4.7 and 5.5-inch screen sizes, which may be shipped to retailers around September, the report said. Apple launches new versions of the smartphone line that drives half its business around the fall of every year. The industry has speculated for some time now that Apple intends to design and sell a device with a larger screen, to fend off…