Apple's Asian suppliers' stock prices rise, reports suggest foldable phones may be released in September.

LootboxPhobia · 2026-04-08T05:56:57+00:00

Apple's first foldable phone is expected to be released this September alongside the iPhone 18 series, boosting the stock prices of its Asian suppliers, with companies like Foxconn and TSMC seeing gains. Despite manufacturing challenges, the market remains optimistic about this new model's prospects.

LootboxPhobia

2026-04-08 05:56:57

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Investing.com- Wednesday, Apple (NASDAQ:AAPL) Asian suppliers’ shares rise after reports that the company’s first foldable phone is still expected to launch during the regular iPhone release window in September this year.

Contract manufacturing giant Hon Hai Precision Industry Co., Ltd. (TW:2317), also known as Foxconn, saw its stock jump 4.5%, while chipmaker TSMC (TW:2330) rose 4.6%.

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Chinese suppliers including Lens Technology Co., Ltd. (SZ:300433), Goertek Inc. (SZ:002241), and Luxshare Precision Industry Co., Ltd. (SZ:002475) saw shares surge 4% to 6%, while AAC Technologies Holdings Inc. (HK:2018) rose 5.7% in Hong Kong trading. The three companies supply Apple with cameras, audio, and other iPhone components.

Murata Manufacturing Co., Ltd. (TYO:6981) rose 5.1%, while LG Innotek (KS:011070) in South Korea gained 5.8%.

Bloomberg reported on Tuesday that Apple’s first foldable phone is still expected to launch in September 2026, pushing back against recent concerns about manufacturing hurdles.

Apple will launch a foldable model in September alongside the iPhone 18 series. Nikkei Asia reported on Tuesday that the company faces some challenges during the engineering testing stage for foldable phones, which could lead to production delays.

Apple’s main suppliers are set to benefit from any new phone models the company releases, because that would mean more orders for components. The success of Apple’s iPhone 17 series also benefits its key suppliers.

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