Following the launch of the sapphire covered Apple Watch, Tawanese sapphire makers share value have soared over the last week. As the LED industry enters a peak season, sapphire industry shares value have reached new record high, reported Apple Daily.

Upholding a positive outlook on smartphone optical and LED application markets large demands, Taiwanese sapphire substrate manufacturer Crystal Applied has kicked off production expansion projects in Yancheng City located in Jiangsu Province in China. As more manufacturers expand production capacity in the industry, finding methods to increase profits will be key to survival, said Chang Chien-ming, Chairman of the company’s Yancheng City branch.