[Asia Economy Reporter Minji Lee] As Apple unveiled the iPhone 13, its component suppliers BH and LG Innotek are showing weakness during trading hours.
At 9:38 a.m. on the 15th in the KOSDAQ market, BH is trading at 19,900 KRW, down 3.63% from the previous trading day. LG Innotek is also down 4.18% at 218,000 KRW compared to the previous day. This is analyzed to be influenced by the U.S. stock market's reaction the previous day, where Apple’s stock fell about 1% due to disappointment selling following the iPhone 13 announcement.
Sangyoung Seo, a researcher at Mirae Asset Securities, said, “Although Apple announced a better battery than the iPhone 12, the increased weight and the content being rather ordinary have put pressure on the stock price,” and added, “Despite TSMC’s chip price increase, Apple announced the lineup prices to be the same as the iPhone 12, which is presumed to have added pressure on earnings.”
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
