Japan enthusiastic about iPhone 5 launch

6 years ago by in Featured, Technology

Japanese tech makers that supply components to Apple were some of the biggest beneficiaries of the much awaited iPhone 5 launch this week, while rivals from Korea and Taiwan saw a less enthusiastic response in the evolution of their stocks.

Japan’s Meiko Electronics, a maker of printed circuit boards, saw its shares up 17.6 percent, Murata Manufacturing was up 2.9 percent while Mitsumi Electronics gained 3.6 percent.

The iPhone 5 has an updated operating system, iOS 6, with a built-in Facebook application, a move which lifted Facebook’s shares by 7.7 percent in the U.S., and consequently helped Japanese social media stocks such as DeNA and Gree gain more than 4 percent each, being among the most traded Asian stocks in the hours after Apple’s launch.

The new lighter iPhone could see sales of 10 million to 12 million this month alone, analysts think. The device sports a larger screen with “retina” display, a new connector and improved camera.