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Pegatron sees slow start to 2018 on slack iPhone 8 demand

iPhone assembler's Q3 profit hit by supply shortage, labor costs

  © Reuters

TAIPEI -- Key iPhone assembler Pegatron on Thursday said demand for iPhone 8 could significantly weaken in the first quarter of 2018, with one analyst saying that Apple will slash orders by 50%.

"We often experience significant seasonality correction in the first quarter, a traditional low period, of the year, and 2018 is no exception. I don't see any good sign to change that at the moment," said Chief Financial Officer Charles Lin of Pegatron in an earnings briefing, without explicitly naming Apple or iPhone.

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