Apple's Foldable iPhone Duo Boosts Asian Suppliers' Stocks

Apple has launched its first foldable device, the iPhone Duo, on October 23. This move marks Apple's entry into the category where several of its peers are already established.

The company's Asian suppliers hold major exposure to this new product line, with some benefiting from every iPhone and others gaining specifically from foldable-only components such as ultra-thin glass and hinges.

According to Citi's September 7 supply-chain note, Luxshare Precision Industry Co Ltd (002475) stands out with a reported assembly allocation rise to 33%, making it the clearest share-gain candidate.