TDK shares rose as much as 3.26% to ¥3,130. The increase was attributed in part to Apple’s announcement that it would hold an event in Japan on 10 September to announce new products.
At 9:40 a.m., TDK shares rose as much as ¥99 from the previous day to ¥3,130. The article reported that the rebound followed Apple’s announcement of an event to unveil new products. The stock at one point extended its gains during the day’s trading.
Apple announced on the 26th that it would hold an event to announce new products at 2:00 a.m. Japan time on 10 September (10:00 a.m. on the 9th US Pacific Time). Reports indicate that the event may feature the company’s first foldable model.
Related news reports said Apple would invest approximately ¥64 billion in US component procurement and that TDK would be involved in sensor production. The article also introduced related information, including trends in used smartphone prices and speculation about product price increases.