According to a research report by CICC, Apple (AAPL.US) released the latest versions of multiple operating systems at the global developers conference. In addition, Apple has launched Apple Intelligence in collaboration with OpenAI to support edge-side model training and inference and combine with user needs, and upgraded common applications such as the camera, photos, and notes. In addition, Apple also updated Siri voice assistant, allowing cross-app calls. The bank believes this may create a new generation of 'intelligent bodies.'

The bank also mentioned that Apple Intelligence is an important symbol for Apple to enter the AI terminal market. With the computational power support of edge-cloud collaboration, user privacy issues are also expected to be solved. At the same time, this Apple Intelligence only supports the use of iPhone 15 Pro series and M series iPad and Macbook products. The bank believes that the main reason is that model training and inference consume a large amount of memory, and old models do not have enough memory to experience related functions. Therefore, Apple's AI is expected to drive a wave of device upgrades.

The bank is bullish on the future of Apple's device upgrade cycle, which is expected to drive up hardware prices and shipments. As for Hong Kong-listed stocks, the bank recommends focusing on AAC Tech (02018.HK), Cowell (01415.HK), Sunny Optical (02382.HK), BYD Electronic (00285.HK); as for A-shares, the bank recommends focusing on Luxshare Precision Industry (002475.SZ), Lens Technology (300433.SZ), Avary Holding (002938.SZ), Foxconn Industrial Internet (601138.SH), Sunway Communication (300136.SZ), Zhuhai Orbita (688772.SH), Suzhou Dongshan Precision Manufacturing (002384.SZ), Universal Scientific Industrial(Shanghai)Co., (601231.SH), Goertek Inc. (002241.SZ), Suzhou Anjie Technology (002635.SZ), Zhejiang Crystal-optech (002273.SZ), and Shenzhen Desay Battery Technology (000049.SZ) and other companies.