Apple Supplier Stocks Surge in Asia on Strong iPhone 17 Sales
Apple Inc. (NASDAQ: AAPL) supplier shares climbed across Asian markets on Tuesday, after new data showed strong early sales for the iPhone 17 lineup, particularly in China and the United States.
Apple Nears $4 Trillion Valuation After Record High
Apple’s own stock also hit a record high overnight, pushing the company closer to the $4 trillion valuation milestone.
The upbeat sentiment surrounding the iPhone 17 launch sent ripples through Asian tech markets, lifting major Apple-linked suppliers.
Taiwan and South Korea Suppliers Lead Gains
In Taiwan, leading Apple suppliers TSMC (TW:2330) and Hon Hai Precision Industry (Foxconn) (TW:2317) each rose over 1%.
In South Korea, LG Innotek Co. (KS:011070) — a key Apple camera module supplier — jumped more than 5%, while Samsung Electronics (KS:005930) gained 1.5%.
The rally in tech shares also helped South Korea’s KOSPI index reach a record high, reflecting growing optimism in the regional tech sector.
Chinese and Japanese Suppliers Follow Higher
In mainland China, major Apple component suppliers — Luxshare Precision (SZ:002475), Lens Technology (SZ:300433), and Goertek Inc. (SZ:002241) — rose between 3% and 5%.
Meanwhile, Hong Kong–listed AAC Technologies (HK:2018) advanced 3.4%, and Japanese firms Murata Manufacturing (TYO:6981) and NOK Corp (TYO:7240) saw modest gains.
iPhone 17 Sales Outpace Previous Model
According to data from Counterpoint Research, the iPhone 17 series outperformed its predecessor, the iPhone 16, by roughly 14% during its first 10 days of sales.
The results signal robust consumer demand, particularly for the base iPhone 17 model, which has drawn strong interest across global markets.
Analysts said stronger iPhone 17 sales suggest increased orders for Apple’s suppliers, whose stock prices are typically highly sensitive to Apple’s performance.
Outlook Bright for Apple’s December Quarter
The positive sales trend is expected to boost Apple’s December-quarter earnings, aided by holiday season demand. Despite earlier headwinds from tariff-related concerns, Apple maintained unchanged pricing across its iPhone lineup.
The company’s recent $100 billion U.S. investment pledge has also improved investor confidence, supporting the ongoing recovery in Apple’s share price.
