Taiwan Braces for Earnings Gloom as IPhone, Trade War Bite
- Apple suppliers including Hon Hai missed 3Q net income ests.
- Earnings may decline in coming quarters: Reliance’s Lin
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Disappointing earnings may not be over for Taiwan companies, dragged by waning demand for Apple Inc.’s flagship iPhone and deteriorating relations between the island’s two biggest trade partners.
Net income for companies on the Taiex index is expected to drop 9.2 percent on-year this quarter after undershooting estimates in the three months through September, the first miss since the second quarter of 2017, according to data compiled by Bloomberg.