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Shares of Apple Inc. (NASDAQ:AAPL) suppliers soared across Asia after strong early data showed the iPhone 17 series outperforming its predecessor in both China and the U.S. The iPhone 17 lineup sold about 14% more units than the iPhone 16 in its first 10 days, according to Counterpoint Research, signaling robust demand ahead of the holiday season.
Apple’s stock hit a record high overnight, bringing its valuation close to $4 trillion and boosting optimism across global markets. Taiwan Semiconductor Manufacturing Co. (TW:2330) and Hon Hai Precision Industry Co. (TW:2317) each rose over 1%, while LG Innotek Co. Ltd. (KS:011070), a key camera component supplier, jumped more than 5%. Samsung Electronics Co. Ltd. (KS:005930), a rival and major Apple supplier, also gained 1.5%, pushing South Korea’s KOSPI index to an all-time high.
Chinese Apple suppliers Luxshare Precision Industry Co. Ltd. (SZ:002475), Lens Technology Co. Ltd. (SZ:300433), and Goertek Inc. (SZ:002241) advanced between 3% and 5%, while Hong Kong-listed AAC Technologies Holdings Inc. (HK:2018) rose 3.4%. Japanese suppliers Murata Manufacturing Co. (TYO:6981) and NOK Corp. (TYO:7240) also posted slight gains.
The iPhone 17’s positive launch is expected to strengthen Apple’s December quarter results, supported by year-end holiday spending. The base iPhone 17 model has attracted particular consumer interest, with Apple maintaining previous pricing despite tariff concerns that had weighed on its shares earlier this year.
Apple’s recent $100 billion investment pledge in the U.S. further fueled investor confidence, signaling the company’s long-term commitment to domestic growth and innovation. With the iPhone 17 series off to a strong start, Apple and its global supply chain appear poised for a solid finish to the year.
