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Apple supplier Luxshare share listing sets new record then fell back 55%
By Ben Lovejoy70%
7/9/2026, 5:35:21 AM
BS Summary: This article contains 16 faulty reasoning types, including Recency Bias, Negativity Bias, and Optimism Bias, with Unattributed Quote as the most egregious example at 35.3% saturation with 169 hits. Analysis detected 881 faulty-reasoning hits from 479 analyzed words, generating a BS Score of 52.8% and a BS Rank of 55% (9,947 of 21,887 articles). This article is worse (more manipulative) than 54.60% of the article peer group.
Apple supplier Luxshare share listing sets new record then fell back
Ben Lovejoy | Jul 9 2026 - 5:35 am PT
Luxshare is one of the ultimate rags-to-riches stories, founded by a woman who started out as a Foxconn assembly-line worker and growing into a multi-billion dollar company and key Apple supplier.
It’s been a publicly traded company in China since 2010, but has now added a second listing in Hong Kong, making it more accessible to overseas investors.
Its latest listing set a new record before sliding back …
Founded by Wang Laichun, Luxshare rose from a cable maker to assembling first AirPods, then iPhones, and most recently Vision Pro models.
Shares in Chinese companies are tightly controlled, with foreign investors facing trading quotas and – in some cases – a need for regulatory approval.
For that reason, it’s not unusual for Chinese companies to create a dual listing in Hong Kong.
Although control over the island was handed back to China from Britain, it still operates without capital controls or quotas for foreign investment.
LuxShare was optimistic in its pricing, opting for HK$63.28 per share, at the very top of the range.
That saw the company set a new record as the city’s biggest listing of the year, raising around HK$24.3B (US$3.1B).
However, as TNW reports, the value of the shares soon slid backwards.
The stock fell as much as 9.6% below its offer price before clawing back part of the loss, an underwhelming opening for one of the year’s most closely watched share sales […] The shares touched a low of about HK$57.2 against the HK$63.28 offer price and were changing hands near HK$60 through much of the morning.
Investor concerns include the company’s dependence on Apple, with the iPhone maker accounting for more than two-thirds of its revenue – especially at a time when the Cupertino company is seeking to reduce its dependence on China by moving some of its assembly work to countries like India and Vietnam.
However, the new investment will help the company fund production capacity in other countries, and Luxshare is also expected to boost the amount of work it carries out for other customers.
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Ben Lovejoy is a British technology writer and EU Editor for 9to5Mac.
He’s known for his op-eds and diary pieces, exploring his experience of Apple products over time, for a more rounded review.
He also writes fiction, with two technothriller novels, a couple of SF shorts and a rom-com!
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