On September 10, LENS fell 3.32% in regular trading, trading at HK$22.72, with turnover of approximately HK$12.91 million. The decline came immediately after Apple's fall product launch event concluded in the early hours of the same day, during which the long-anticipated first foldable iPhone — iPhone Duo — was officially unveiled, priced from RMB 15,999. Core product pricing and launch timing were broadly in line with market expectations, triggering a classic sell-the-news reaction.

LENS is a key UTG (ultra-thin glass) supplier for Apple's foldable iPhone, commanding approximately 70% of supply share. The company provides UTG glass, glass support plates, PET functional films, and 3D glass back covers for the foldable model, with batch shipments commencing in late Q2. On September 7, LENS shares had surged over 4% as investors front-ran the launch event. Multiple bulge-bracket firms including CLSA, Bank of America, and Jefferies had recently raised target prices to HK$30.7, HK$27, and HK$28 respectively, all maintaining buy ratings. Apple's own shares dipped over 1% intraday during the U.S. session before closing down 0.28%, reflecting similar profit-taking dynamics across the supply chain.

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