HONG KONG -- Chinese camera and touch module supplier O-Film Group will lose a substantial purchase order from an unidentified overseas client, the company reported Tuesday evening, a customer believed to be Apple given the size of the order at stake.
The customer recently notified Shenzhen-listed O-Film that its procurement relationship with the group was about to be terminated, the supplier said in a filing on the stock exchange's website. The exact schedule for the cutoff from the supply chain was not revealed, but O-Film said business with this client produced nearly 11.7 billion yuan ($1.8 billion at current rates) in 2019, or 22.51% of total revenue that year.
