[Market Focus] LG Innotek Surges Over 8% on Robust iPhone 17 Sales Expectations

LG Innotek is showing strong performance due to expectations of robust iPhone 17 sales.

As of 9:35 a.m. on September 22, LG Innotek was trading at 191,700 won on the Korea Exchange, up 15,200 won (8.61%) from the previous session.

On this day, iM Securities stated, "We have raised our earnings estimates for LG Innotek for 2025 and 2026 by 6.5% and 6.4%, respectively, to 561 billion won and 698 billion won. If realized, this would mark an increase in earnings for the first time in five years based on 2026 figures." The firm added, "Initial demand for the iPhone 17 series is positive, and the adoption of a variable aperture in 2026 is expected to enhance the added value of assemblies. In addition, the company's market share within its major client has stabilized at a lower level, and losses from flip-chip ball grid array (FC-BGA) operations are also expected to narrow." iM Securities raised its target price for LG Innotek from 225,000 won to 230,000 won.