Luxshare says client cooperation normal after Apple production cut report

SHANGHAI – China’s Luxshare Precision Trade Co. Ltd. stated on Thursday its cooperation with present clients was normal, in response to a media report that iPhone maker Apple Inc. had requested suppliers to cut production.

The electronics producer stated it needed to make clear a current report from a Taiwanese media outlet which stated that Luxshare had suffered the most important impression from the Apple request.

“There are no special changes or impact to the relevant business of the company mentioned in the report,” Luxshare stated in its assertion.

“Currently the company’s cooperation with existing customers is progressing normally and the business is moving forward in an orderly manner according to the work plan.”

Luxshare makes connector cables for the iPhone and Macbook to manufacturing AirPods and in addition owns factories able to making iPhones.

A report by Nikkei Asia on Monday citing unnamed suppliers stated Apple has instructed suppliers to fabricate fewer parts for its ear buds, watches and laptops as a sluggish international economic system and excessive inflation could also be hurting demand for Apple gadgets. Read full story

One other provider, Suzhou Dongshan Precision Manufacturing 002384.SZ, which makes printed circuit boards for Apple, stated on Thursday in response to a question about the identical media reports on its investor Q&A platform that the orders of its core prospects had been secure. It didn’t identify Apple.

A separate report by the Monetary Occasions on Thursday stated Apple is ready to signal an order with Luxshare to supply premium iPhone fashions. Foxconn declined to remark. Apple and Luxshare didn’t instantly reply to requests for remark. Read full story – Reuters

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