Since its public listing in 2010, Luxshare Precision has increased its presence in Apple's supply chain. Apple accounted for a mid-50s percentage of Luxshare’s revenue in 2024, up from less than 10% in 2011. Over the past 15 years, the company has built up a solid track record at Apple, which has enabled Luxshare to expand its footprint beyond cables and connectors for iPhones and MacBooks to acoustic, haptic, and assembly services for AirPods and Watch. Despite often entering into Apple’s competitive supply chain as a second- or third-sourced player, Luxshare has managed to maintain an average gross margin of 13% between 2020 and 2025. This has contributed to the firm’s average return on invested capital of 18% over the same period.