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Apple Foldable iPhone Spurs 4% Surge in Lens Tech Stock

Guavy AI Editorial Team
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AAPL
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Lens Technology (06613) has seen its stock price surge over 4% as investors speculate about Apple's upcoming foldable iPhone. The company is set to supply several components for this device, including UTG glass, CPI film, and 3D glass cover plates. This significant increase in demand is expected to boost Lens Technology's performance in the second half of this year and next year.

Guosheng Securities notes that with Apple's major client releasing its first foldable smartphone soon, Lens Technology's expertise in UTG glass will lead to accelerated delivery of core components. As a result, the company's earnings elasticity is expected to increase significantly.

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