HOPES FOR IPHONE X BOOST SHARES

SHARES in firms that supply components for the iPhone rose after Apple said demand for its latest handset was ‘off the charts’.

The tech giant has sought to quash rumours that demand is low for the iPhone X after a lacklustre reception for the iPhone 8, which was released beforehand.

Apple started taking pre-orders for the iPhone X on Friday with some delivery times taking five or six weeks – as opposed to the original date of November 3. Several firms behind components for the model saw shares lift.

UK-based Dialog Semiconductor, which makes chips, was up 6pc, or 2.45p, to 42.6p following the reports – a four-month high. STMicroelectronics, which is believed to supply 3D camera sensors, saw shares up 1.35pc, or €0.31 to €23.60. AMS, a supplier of screen sensors, was up 5.45pc, or 4.70 Swiss francs, to 89.95 francs.