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Business

Asia's smartphone suppliers see bright light with new iPhone

Strong demand, new handsets are giving big earnings boost

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Apple's new iPhone has raised hopes for stronger earnings at parts suppliers in Asia.   © Reuters

TOKYO -- Asia's electronic parts suppliers see a brighter future ahead, thanks to rising global demand for smartphones, including Apple's new premium iPhone.

Nitto Denko, a Japanese electronic parts maker and supplier to Apple, on Monday raised its earnings forecast for the six months ending September. The company said it now expects an operating income of 65 billion yen ($589.4 million), up 121.8% from the same period last year, "considering the expected increase in revenue from optical films for smartphones, double-sided tape materials and processing materials for electronic devices."

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