Apple Suppliers Rally on Signs of Strong iPhone X Demand
- Shares in Hon Hai and TSMC climb as delivery times lengthen
- Apple is smoothing out iPhone X supply snags that’ve emerged
Apple iPhone X Production Hits Teething Trouble
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Apple Inc.’s biggest suppliers from Taiwan Semiconductor Manufacturing Co. to Hon Hai Precision Industry Co. climbed Monday after delivery times for the iPhone X stretched to as much as six weeks in the U.S., underscoring demand for the marquee smartphone.
Shares in Hon Hai, the main assembler of Apple devices, climbed as much as 3.6 percent in Taipei. TSMC, the U.S. company’s biggest chip supplier, rose as much as 2.5 percent to a record. Other suppliers from AAC Technologies Holdings Inc. in Hong Kong to Lens Technology Co. in mainland China also advanced, tracking Apple’s own gains Friday.