Apple Suppliers Apple are worried about demand for iPhone

Asian Apple suppliers dropped on Tuesday after the consumer electronics maker fell 5 percent in New York City because of fears that demand for iPhone peaked.

The fall for Apple on Monday came after two of its suppliers lowered their predictions.

Japan Display, a supplier of liquid crystal displays for the iPhone, lowered its annual "volatile customer demand" guidelines on Monday without specifying specific customers. Japanese shares fell on Tuesday by 7.6 percent to a record low.

This warning was followed by a similar announcement by Lumentum, which supplies 3D sensors with Face Recognition technology on the latest Apple iPhone. The company lowered its outlook for the second fiscal quarter, declining supply to "one of our largest industrial and consumer customers". Lumentum did not mention Apple as the customer in question.

Asian manufacturers Pegatron and Hong Hai Precision Industry, also known as Foxconn, fell 5.7 percent and 2.6 percent in Taipei, while Wistron dropped 3.7 percent. Laragan Precision, which makes camera lenses for iPhone out of 5.7 percent and chipmaker Taiwan Semiconductor Company fell 3.7 percent.

Taiwan's Taiex declined by 1.8 percent.

Apple's AAC Technologies supplier dropped by as much as 7.4 percent in Hong Kong.

South Korean suppliers Apple Hynix and Samsung Electronics dropped 4.6 percent and 2.8 percent.

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