Apple probing the iPhone X's cold weather mishaps, puts a supplier in the freezer
Remember the iPhone X's cold-weather-gate, where some units' touchscreens apparently froze for a few seconds upon wide and abrupt temperature changes, like getting out of your house in the winter? Well, Apple reportedly fixed this with a software update, but there is more to the drama than meets the eye, it seems... or the tip of your glove.
Korean media is reporting that Interflex, one of the iPhone X's flexible PCB suppliers, had a rough stock market ride last week, with its shares falling nearly 30% when reports emerged that it has suspended production, pending Apple's investigation into the iPhone X "freezes". Yesterday, its stock price bounced back a little, as Apple's probe apparently won't have such a big impact on its total orders, but, since it supplies almost half of the flexible circuit boards for the iPhone X, the investor scare was real. According to an analyst at IBK Investment & Securities:
Some defects have reportedly been found in the module production, not the final products of Interflex. If the issue is resolved within the week as Interflex predicts, the ongoing probe would not affect its earnings target of some 300 billion won in the fourth quarter. But if the issue is prolonged, a slight decrease in the earnings seems unavoidable. But still it seems unnecessary for me to lower the earnings target for now.
source: The Investor
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