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Business

Better-than-expected Apple earnings boost suppliers' shares

TAIPEI -- Shares of major Apple suppliers closed higher on Wednesday, after the U.S. tech company's earnings for the quarter through June slightly exceeded expectations. The gains could be short-lived, however, as the second-half outlook remains gloomy amid waning iPhone demand.

"There is still downside risk in the stock prices of Apple and its supply chain, given the lack of positivity in the iPhone 7 build forecast," Arthur Liao, an analyst at Fubon Securities, said in a note on Wednesday.

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