Apple Inc.'s (AAPL) - Get Report European suppliers notched solid early gains Tuesday ahead of what is expected to be the launch of three new iPhones and several new gadget upgrades from the world's biggest tech company.
Technology was one of the highest gaining sectors in Europe on Tuesday, up 0.44% in the first minutes of trading, following Apple's best day in more than a month on Wall Street, when shares gained 1.81% to close at $161.50, just shy of their record high of $164.05 on Sept. 1.
Apple Tuesday is expected to unveil three new iPhone models today, including the widely anticipated iPhone X to mark the phone's 10th anniversary. The new iPhone X, said to price at $1,100, is expected to have an organic LED screen with very slim bezels, as Apple jettisons longstanding features such as the Touch ID and home button.
Apple's current suppliers were getting a boost in Europe.
AMS AG (AMSSY) , the Swiss-listed supplier of sensors to Apple, saw shares gain 1.02% in the first minutes of trading, to change hands at Sfr79 and extending a three-month of more than 26%.
Chipmaker STMicroelectronics NV (STM) - Get Report , which provides the phone's accelerometers, gyroscopes and motion sensors, gained 0.89% in Milan, to change hands at €15.94. Shares have gained 14.21% over the past three months.
Dialog Semiconductor (DLGNF) which provides power management systems for Apple, was up 0.06% at €41.08 while shares in ASML NV (ASML) - Get Report , Europe's largest supplier to computer chip makers, gained 0.22% to €135.65, extending a three-month gain of 17.75%.
Infineon Technologies AG's (IFNNY) , which also supplies chips to Apple, shares were marked 0.93% higher in Frankfurt at €20.53, extending a three-month gain of just under 6%.
More of What's Trending on TheStreet: