SEOUL, Oct. 20 (Korea Bizwire) – Foreign speculation that the iPhone X release may be delayed lowered the stock value of South Korean parts suppliers LG Innotek, Samsung SDI and Samsung Electro-Mechanics on October 19, according to industry experts.
The share prices of each of the companies dropped below their respective valuations on September 13, when the iPhone X was announced.
LG Innotek, the supplier of the iPhone’s dual-lens camera, is the source behind the iPhone X’s first facial-recognition, biometric security system.
Its stock valuation closed at 155,500 won per share on October 19. On September 14, the day after the iPhone X announcement, it had reached a price of 173,000 won per share.
Samsung Electro-Mechanics closed at a lower valuation at 95,800 won per share On October 19. It had recorded 108,500 won per share on September 13 and reached a high of 112,000 won on September 15.
The Samsung Group subsidiary, in addition to its continued supply of printed circuit boards and MLCCs (multi-layer ceramic capacitors), has expanded production to include delivery of RFPCBs (rigid flexible printed circuit boards) for the iPhone X.
Battery making unit Samsung SDI’s stock was priced at 200,800 per share on September 13, but fell to 197,000 on October 19.
Samsung SDI Co is a provider of PGH (phosphorescent green host) used in the OLED technology incorporated into the iPhone X.
The possibility of a delayed release and the subsequent delay in orders for new parts, plus a belief in some corners that sales of both the iPhone 8 and the iPhone X will fail to equal those of the iPhone 7, are two key reasons that explain the slipping share prices, an industry insider said.
Speaking on condition of anonymity, the insider voiced optimism that the downturn would be reversed once the iPhone X hits the market.