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Market Scramble: Apple's suppliers weighed by earnings fears

TOKYO -- Even with a pause in the yen's appreciation, Japanese members of Apple's supply chain continue to face concerns that the U.S. tech giant might be suffering a graver-than-expected slowdown.

NOK shares displayed interesting movement Friday. The previous day, the company announced that its net profit for fiscal 2016 may decline 25% from a year earlier. The earnings warning reflected a change in its assumed exchange rate from 110 yen to the dollar to 100 yen, as well as weak demand for its flexible substrates from Apple.

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