ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business

Taiwanese tech sector dragged into depression by Apple

TSMC co-chief executive Mark Liu said industry players were wary when gradually restocking inventory due to weak demand in high-end smartphones. (Photo by Cheng Ting-Fang)

TAIPEI -- Apple's sales decline is pushing its Taiwanese suppliers into a downward spiral with no end in sight. This year could also see the first annual decline in corporate revenues across Taiwan's tech sector since the second half of 2008 in the throes of the global financial crisis.

The U.S. tech titan Apple posted its first quarterly revenue decline in 13 years in the three months to end-March. In that period, 15 out of 19 Taiwanese major tech firms selected in the Nikkei Asian Review's "Asia 300 companies to watch" list posted a year-on-year drop in revenues.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more