Analyst: LG Innotek's fourth quarter performance is expected to exceed expectations.

Future Asset Securities analyst Park Jun-seo wrote in a report that due to strong sales of the new iPhone flagship models, LG Innotek's performance in the fourth quarter is expected to exceed expectations. Park stated that this South Korean supplier of camera modules and other components for Apple products may benefit from strong sales of its American customer's iPhone 17, with the Pro and Pro Max models accounting for 65% of total sales. He pointed out that the company's market share in radio frequency system-level packaging substrates continues to grow, supporting its profitability. Future Asset Securities predicts that LG Innotek's operating profit in the fourth quarter will increase by 63% year-on-year, reaching 405 billion Korean won, higher than the market average expectation of 329 billion Korean won.