Luxshare says client cooperation normal after Apple production cut report - Reuters

SHANGHAI, Jan 5 (Reuters) - China's Luxshare Precision Industry Co Ltd (002475.SZ) said connected Thursday its practice with existent clients was normal, successful effect to a media study that iPhone shaper Apple Inc (AAPL.O) had asked suppliers to chopped production.

The electronics shaper said it wanted to clarify a caller study from a Taiwanese media outlet which said that Luxshare had suffered the biggest interaction from the Apple request.

"There are nary peculiar changes oregon interaction to the applicable concern of the institution mentioned successful the report," Luxshare said successful its statement.

"Currently the company's practice with existing customers is progressing usually and the concern is moving guardant successful an orderly mode according to the enactment plan."

Luxshare makes connector cables for the iPhone and Macbook to manufacturing AirPods and besides owns factories susceptible of making iPhones.

A report by Nikkei Asia connected Monday citing unnamed suppliers said Apple has told suppliers to manufacture less components for its receptor buds, watches and laptops arsenic a sluggish planetary system and precocious ostentation whitethorn beryllium hurting request for Apple devices.

Another supplier, Suzhou Dongshan Precision Manufacturing (002384.SZ), which makes printed circuit boards for Apple, said connected Thursday successful effect to a query astir the aforesaid media reports connected its capitalist Q&A level that the orders of its halfway customers were stable. It did not sanction Apple.

A abstracted study by the Financial Times connected Thursday said Apple is acceptable to motion an bid with Luxshare to nutrient premium iPhone models. Foxconn declined to comment. Apple and Luxshare did not instantly respond to requests for comment. work much

Reporting by Shanghai newsroom and Brenda Goh; Writing by Liz Lee; Editing by Tom Hogue and Jacqueline Wong

Our Standards: The Thomson Reuters Trust Principles.