2017.09.1400:07:00UTC+00Apple Suppliers’ Shares Tumble on Delayed iPhone X Release

Shares of providers of Apple components were hit on Wednesday after the tech giant announced that its much-awaited iPhone X would be launched later than scheduled.

Britain's Dialog Semiconductor and IQE, which supplies chips and parts to Apple, was poised to decline as trading started.

Semiconductor manufacturer IQE sunk by over 6 percent. Meanwhile, Dialog, whose revenue stems mostly from Apple, was also trading lower by 1.2 percent. Austrian chipmaker AMS reversed the record highs it hit earlier this week, falling by 3.9 percent.

Meanwhile, in Asia, Apple supplier Taiwan Semiconductor Manufacturing fell 0.5 percent. In China, other stocks linked with the company also declined.

Apple's New York-listed shares traded down by 0.8 percent at the end of Tuesday.

Apple's 10th anniversary smartphone, the iPhone X, will not be available to the market until November, later than the firm's usual September release. Meanwhile, iPhone 8 and iPhone 8 Plus' release date were also released. The X, considered as the iPhone maker's “super premium handset, has several new features, such as facial recognition.

According to analysts, the biggest challenge for Apple would be to fulfill the huge demand for iPhone X.