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China TV market more of a worry than iPhone X sales

Ulvac's sliding shares take bigger cue from flat-screen expectations

TOKYO -- When the share price of a smartphone parts supplier falls, it is easy to blame slumping iPhone demand. But the truth may lie elsewhere -- like big TVs in China. Looking at share prices through the Apple lens alone could land you in trouble.

Ulvac, a major supplier of equipment for making organic light-emitting diode display panels, is a case in point.

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