According to Bloomberg News, the market value of Hon Hai, Apple's largest assembly plant, dropped to NT$985.7 billion for the first time since November 2013. The stock market has fallen due to poor demand for iPhone, and the company has recently cut capital, causing market value to shrink. Hon Hai has so far fallen 40% to its worst annual performance since the 2008 financial crisis. After Apple's latest earnings report showed flat growth and said it would stop disclosing quarterly smartphone sales data, its share price approached the bear market.
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