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Equities

Apple-linked stocks slide on dull iPhone X sales

Slumping heavyweight suppliers limit broader market's upside

Investors have soured on Apple suppliers as iPhone X sales disappoint.

TOKYO -- The share prices of Apple's component and production machinery suppliers worldwide have tumbled amid lackluster sales of the iPhone X.

The market had high hopes for the iPhone X, released late last year, as the newest Apple smartphone features an organic light-emitting diode display. But sales have been slow in China and elsewhere, with the high price tag among the likely culprits. The phone in the U.S. starts at $999.

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