Apple component order in jeopardy
In its quarterly report filed Friday with the U.S. Securities and Exchange Commission, Apple said it may cancel an order with an un-named Asian supplier and risk losing millions in a deposit because the company can’t guarantee it will deliver the agreed-upon level of parts by year’s end. Apple said it gave the supplier a US$100 million deposit and if the company can’t meet demand by Dec. 28, 2002, it will cancel the order.
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