Here’s How Taiwan’s Stock Market Reacted to the iPhone 11 Launch
https://wccftech.com/heres-how-taiwans-stock-market-reacted-to-iphone-11-launch/
Yesterday we covered the US market’s reaction to Apple’s (NASDAQ:APPL) fall keynote, and the iPhone 11 launch. The prior piece looked at the movement of Apple’s stock during and after the keynote, which is a good proxy to determine how much the market believes the new iPhone can drive revenue, and also examined the impact the announcement of Apple TV+’s pricing had on the stocks of other streaming companies.
Now it’s time we turned our attention to stocks of Apple’s suppliers, which are largely all listed on Taiwan’s stock market. The key stocks to look at are Foxconn (TPE:2354), which assembles the majority of Apple’s iPhones and Watches, and Largan Precision (TPE:3008) which manufacturers lenses for Apple’s iPhones.