Apple suppliers feel 'extraordinary' change in China demand

TSMC and Nidec cut 2019 forecasts as trade war holds back global economy

Nidec Chairman Shigenobu Nagamori stands to leave a press conference in Tokyo on Thursday. The "maestro of M&A" said he was stunned by China's slowdown. (Photo by Takaki Kashiwabara)

CHENG TING-FANG, LAULY LI and MITSUTOSHI MASUNO, Nikkei staff writers

January 17, 2019 20:46 JST

Updated on January 18, 2019 05:33 JST

TAIPEI/TOKYO -- Major Asian Apple suppliers are slashing their 2019 sales forecasts, with some citing the "extraordinary" drop-off in Chinese demand, as the trade war casts a wide shadow over the global economy.