Divergent results for Apple suppliers highlight memory price squeeze ahead of new iPhone

Two major Chinese suppliers to Apple posted divergent first-half results, underscoring how soaring memory prices are squeezing profits even as component makers pin their hopes on upcoming iPhone releases for a second-half rebound. Lens Technology, a Shenzhen- and Hong Kong-listed maker of smartphone glass screens, saw its net income nearly halve to 577 million yuan (US$85.8 million) in the six months through June, as revenue dropped 12.4 per cent to 28.9 billion yuan. The company blamed the...