Shares of key Asian suppliers to Apple rose after reports indicated that the company’s first foldable iPhone is still expected to launch in September 2026, alongside its regular iPhone lineup.
Major manufacturing partner Foxconn saw its stock climb 4.5%, while chipmaker TSMC gained 4.6%. Several China-based suppliers also recorded strong gains, including Lens Technology, Goertek, and Luxshare Precision Industry, which rose between 4% and 6%.
In Hong Kong, AAC Technologies increased 5.7%. Meanwhile, Japan’s Murata Manufacturing gained 5.1%, and South Korea’s LG Innotek rose 5.8%. These companies supply key components such as camera and audio parts for Apple devices.
The gains follow a report stating that Apple’s foldable phone remains on track for a September 2026 debut. This update comes despite earlier concerns about delays during the engineering test phase, which had raised doubts about the production timeline.
Apple is expected to unveil the foldable model alongside the iPhone 18 series. New product launches typically drive higher demand for components, benefiting suppliers across the value chain.
The positive momentum also builds on the strong performance of Apple’s iPhone 17 lineup, which has already supported growth among its supplier network.
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