Apple Supplier Jabil Circuit Takes Hit

Published on December 19, 2013
by Daisuke Wakabayashi

Shares of Apple Inc. supplier Jabil Circuit Inc. fell more than 20 percent Wednesday after the components maker said an unanticipated drop in demand from a big customer would hurt revenue and profit in the current quarter.

Jabil’s warning raised concerns about sales of Apple’s iPhone 5C, a less-expensive model that Apple released in September. Apple is Jabil’s biggest customer, accounting for 19 percent of its revenue in the fiscal year ended Aug. 31. Analysts said Jabil produces the plastic cases for the iPhone 5C and the metal exteriors for the iPhone 5S.

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