Telecommunications & Media
Apple suppliers split by memory price shock; Lens Technology profit halves
Major Chinese suppliers to Apple posted mixed first-half results as a surge in memory prices squeezed smartphone component makers. Lens Technology nearly halved its net profit and reported lower revenue, citing rising memory costs, weaker demand, reduced output at its Xiangtan plant and currency swings. Luxshare Precision Industry reported strong growth, helped by autos electronics and data centres. Suppliers are looking to new iPhone and foldable-device launches for a second-half boost.
