Apple's iPhone 5C launch earlier this week didn't meet pricing expectations; coming in at over $500 in the U.S. without a contract and about $100 with a two-year contract and over $700 without a contract in China, industry experts said the price is still too high to crack into emerging markets.
Another disappointment came from the lack of a widely expected announcement of a deal with China Mobile, which boasts over 700 million subscribers and which industry experts believe could offset any sales hit from the iPhone 5C's high price.
(Read more: Why everyone was wrong about Apple)
Shares of Apple's Asian suppliers have outperformed the region's tech companies since April, suggesting the new-product hype may be priced in, Goldman said in a note, adding that disappointment with the launch means analysts are unlikely to raise earnings forecasts.
The region's Apple supplier shares dropped Wednesday, a day after the iPhone 5C launch, following an overnight decline in Apple's shares in U.S. trading. Recovery from the sell-off has been spotty.