[Special Stock] Thanks to Apple’s Solid Earnings, LG Innotek and Other Component Stocks Rally

[Image source=Yonhap News]

[Asia Economy Reporter Kwon Jae-hee] As Apple announced third-quarter earnings that exceeded market expectations and surged on the New York Stock Exchange, Apple component stocks, including LG Innotek, are showing strong gains in the domestic stock market on the 31st.

As of 9:27 a.m. on the day, LG Innotek is trading at 301,000 KRW, up 4.70% compared to the previous trading day.

At the same time, component stocks such as BH (3.80%) and Jahwa Electronics (3.56%) are also strong.

On the 27th (local time), Apple announced that its revenue and earnings per share for the third quarter (Apple fiscal year Q4) were $90.15 billion (approximately 128.2834 trillion KRW) and $1.29 (1,835 KRW), respectively. Revenue increased by 8.1% from $83.4 billion in the same period last year, and earnings per share rose by $0.02 from $1.27.

As a result, Apple's stock price surged 7.6% on the 28th (local time).