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LG Innotek May Get Boost From Its Advance Along Apple's Supply Chain -- Market Talk

Dow Jones Newswires ·  Nov 23, 2021 12:00

0358 GMT - LG Innotek may get an earnings boost from its advance along Apple's supply chain, while its rival Sharp retreats, Hi Investment & Securities says. Both LG Innotek and Sharp supply camera modules for iPhones, but LG Innotek is likely to keep its upper hand overSharp, which has yet to invest in its sensor-shift assembly lines, the brokerage notes. New iPhones adopt sensor-shift technology for cameras to avoid blurry pictures. Hi expects iPhone cameras to be upgraded and pricier in 2022. It raises its target price by 33% to KRW400,000 and keeps its buy rating. Shares are 2.5% lower at KRW278,500. (kwanwoo.jun@wsj.com)

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