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-TW, AAPL, ZE475-CN,
Keywords: luxshare precision industry co ltd, hon hai precision industry co ltd, apple inc, business news, technology,