On May 7, Apple concept stocks had the highest gains. As of press release,$BYD ELECTRONIC (00285.HK)$rose 3.48% to HK$29.7;$AAC TECH (02018.HK)$increased by 2.75% to HK$26.2;$SUNNY OPTICAL (02382.HK)$rose 2.68% to HK$42.15;$Q TECH (01478.HK)$rose 1.16% to HK$3.5;$COWELL (01415.HK)$It rose 1.73% to HK$19.96.

According to the news, Apple will host a special event on May 7 at 10 p.m. Beijing time. It is expected that the new iPad and Apple Pencil will be released. Everbright Securities said that Apple's iPad business is expected to recover along with new product sales. In line with the company's guidelines, iPad revenue will achieve double-digit year-on-year growth in the next fiscal quarter. The bank continues to recommend Guoguang Electronics. It is recommended to focus on Shunyu Optical Technology, BYD Electronics, Ruisheng Technology, etc.

Furthermore, despite the decline in iPhone sales in China, Apple's revenue in Greater China has exceeded expectations. Apple's financial report for the second fiscal quarter of fiscal year 2024 shows that in the second fiscal quarter ending the end of March, Apple's revenue and profit performance both exceeded Wall Street expectations. Among them, Apple's sales in Greater China fell 8% to US$16.37 billion, better than analysts' expectations of US$15.25 billion.