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Apple lost more than $ 60 billion in market share after the company's largest supplier, Taiwan Semiconductor (TSMC), said its second-quarter profit would be affected by weak mobile phone buying.
Apple shares fell 7% on Thursday and Friday on reports of a sharp slowdown in smartphone sales this year, and other global chip makers were hit by the market downturn, including Qualcomm and Analog Devices.
For the first time since 2009, smart phone sales in China fell last year, followed by a global drop in sales in the fourth quarter of 2017, which has not happened globally since 2004.
In a Wall Street Journal report, Apple reported that Apple's South Korean LG OLED screens for its future phones were due to "manufacturing problems" while LG supplied LCD monitors for its iPhone 8 and iPhone 8 phones. LG Display also produced Apple's smart watch Apple Watch.