14 DAY TRIAL // iPhone X went on sale more than a month ago, but as many of the early buyers discovered, making the most of the device wasn’t an easy thing to do due not only to the changes that Apple implemented but also to the issues that showed up totally out of the blue.
One such problem was a freezing display problem that caused the iPhone X to become unresponsive in cold weather, with Apple rushing to address it with a software update.
And while it all seemed to be a software glitch, it looks like Apple has since been looking into how the displays ended up being so vulnerable to low temperatures, with Korean parts supplier Inteflex one of the companies involved.
Interflex is a parts manufacturer that went from hero to zero, as its shares nearly skyrocketed after the launch of iPhone X but then dramatically collapsed after reports of freezing iPhone X started making the headlines. The supplier, which is in charge of building rigid flexible printed circuit boards (RPFCB) benefited from the huge demand for the iPhone X, with prices surging more than 25 percent since the official unveiling.
Production suspended
But following the problems that hit the iPhone X and which triggered an Apple investigation into the matter, Interflex had no other option than to start its own probe into the matter and suspend production until a conclusion is made.
This decision caused its shares to drop no less than 30 percent from $63 to $41.5 in just one week, only a few days after they reached the record level.
Interflex says it plans to restart production of iPhone X parts in the coming days, promising to share the findings of its investigation as part of a public announcement. This also triggered a small 7 percent increase of the share price, and analysts expect another change depending on how fast production is resumed.
Apple itself hasn’t said a single thing about any potential issues discovered with iPhone X displays that could lead to problems in cold weather, but for the time being, suppliers seem to be much more affected every time such a glitch is discovered.