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Ams Shares Slide After Report Firm Lost Apple Contract


Ron Burgundy
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Shares in AMS AG sank on Wednesday following a report in Swiss newspaper Finanz und Wirtschaft that the Swiss-listed sensor manufacturer had lost a key contract with Apple. The stock fell as much as 27 percent before paring losses to trade 23.3 percent lower at 43 Swiss francs by 0430 ET. "AMS would appear to have lost the contract for the next generation of Apple products," Finanz und Wirtschaft reported, citing sources close to the company.

 

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