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Battery maker TDK scales new heights on iPhone buzz

Stock extends winning streak to nine sessions

Investors are snapping up shares in Apple suppliers in anticipation of a new iPhone launch, which usually happens in September.   © Reuters

TOKYO -- TDK shares rose for the ninth straight session here on Tuesday, as investors bet on the electronic components maker to make big bucks from supplying batteries to a new iPhone expected to be released next month.

TDK has been attracting investors as a manufacturer of capacitors, whose demand is growing worldwide, but is gaining renewed interest lately as a battery supplier to Apple.

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