Chinese glass maker Lens Technology is lining up for a potential major supplier role in Apple’s highly anticipated foldable smartphone, according to Citi analysts. The company could contribute 5% of its revenue next year and 12% in 2027 from the device.
Lens Technology raised $610 million in its recent Hong Kong public offering, with Citi analysts rating it a buy and predicting nearly 25% upside. U.S. hedge fund Steve Cohen has also increased his stake in the company to 8.41%.
The company stated that 30% of the proceeds from the Hong Kong listing will go towards developing foldable screens, aiming to increase production capacity and support mass production of middle-end foldable smartphones.
Lens Technology’s largest customer is a Nasdaq-listed U.S. multinational founded in 1976, with a business relationship dating back nearly two decades. The company has already traded on the Shenzhen Exchange and plans to expand its overseas presence in Vietnam and Thailand.
Analysts expect Lens Technology to benefit from the upcoming foldable iPhone launch and AI glasses/robotics, driving earnings growth of at least 20% per year in 2026 and 2027.
Source: https://www.cnbc.com/2025/07/20/if-apple-makes-a-foldable-phone-analysts-say-this-stock-will-benefit.html