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Apple supplier Luxshare rises after reportedly winning contract to produce luxury iPhones - TL;DR CNBC

Apple supplier Luxshare rises after reportedly winning contract to produce luxury iPhones

Publishing timestamp: 2023-01-05 06:33:19


Summary

Shares of Luxshare Precision Industry, one of Apple's Chinese contract manufacturers, rose more than 3% in Asia's trade after Financial Times reported supplier is set to sign contract to produce premium iPhones. Apple and Luxshare did not immediately respond to CNBC's request for comment. Luxshare's Shenzhen-listed stock dropped nearly 10% on Wednesday following a Nikkei report that Apple asked multiple suppliers to build fewer components for its products due to weakened demand. Luxshare was founded in 2004 and became Apple supplier in 2011.


Sentiment: MIXED

Tickers: 2317-TWAAPLZE475-CN

Keywords: luxshare precision industry co ltdhon hai precision industry co ltdapple incbusiness newstechnology

Source: https://www.cnbc.com/2023/01/05/apple-supplier-luxshare-rises-after-reportedly-winning-contract-to-produce-luxury-iphones.html


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