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AAC Technologies Holdings Inc (2018.HK)

2018.HK on Hong Kong Stock

79.35HKD
23 Sep 2018
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Wed, Aug 22 2018

Apple supplier AAC Tech posts first profit drop in four years on weak phone market

HONG KONG AAC Technologies Holdings Inc , an acoustic components supplier to Apple Inc , said on Wednesday second-quarter net profit fell for the first time in nearly four years, hit by plateauing iPhone sales and a sluggish global smartphone market.

UPDATE 2-Apple supplier AAC Tech posts first profit drop in 4 years on weak phone market

* Shares recover after nearly 11 pct slide (Adds comments from managing director, analyst; shares)

REFILE-iPhone parts supplier AAC reports rare fall in quarterly profit

HONG KONG, Aug 22 AAC Technologies Holdings Inc , an acoustic components supplier to Apple Inc , said on Wednesday quarterly net profit declined for the first time in nearly four years, bruised by a sluggish smartphone market.

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