1/5/2025, 10:04:02 am

Stock Crash: iPhone components maker shares fall the most in 25 years

Shares of Japan's Murata Manufacturing, a key Apple supplier, fell 18% on May 1, marking their largest single-day drop in 25 years. The company cited a 24% expected decline in net profit due to sluggish demand for automotive and smartphone components, U.S. tariffs, and a stronger yen, with shares hitting a five-year low.