Apple concept stocks are performing strongly. As of press time, Tongda Group (00698) has risen by 8.14% to HKD 0.093; Sunway Optics (02382) has risen by 3.65% to HKD 49.75; Cowell (01415) has risen by 3.85% to HKD 24.25; BYD Electronic (00285) has risen by 3.31% to HKD 39; AAC Tech (02018) has risen by 2.29% to HKD 31.3.
Apple concept stocks are performing strongly. As of press time, Tongda Group (00698) has risen by 8.14% to HKD 0.093; Sunway Optics (02382) has risen by 3.65% to HKD 49.75; Cowell (01415) has risen by 3.85% to HKD 24.25; BYD Electronic (00285) has risen by 3.31% to HKD 39; AAC Tech (02018) has risen by 2.29% to HKD 31.3.
CITIC Securities believes that on the basis of continuous improvement in the AI experience, we believe that Apple's new round of upgrades will come from AI drive. We are bullish on the iPhone upgrade cycle with a massive user base. We believe that the iPhone is expected to have a strong upgrade momentum in 2025, with shipments expected to reach 225+ / 240+ / 250+ million units in 2024 / 2025 / 2026 respectively, entering an upward trend in shipments. Looking ahead, the curtain is opening for Apple's innovative year, and we are firmly optimistic about the innovation cycle of Apple's software and hardware.
Sinolink Securities pointed out that on the software side, Apple's WWDC released Apple Intelligence, demonstrating a comprehensive AI layout that combines 'device-side models + private cloud computing + third-party large models', demonstrating strong strength and foresight as an industry innovation benchmark. On the hardware side, the powerful performance of M4 gives it a competitive advantage in the current processor industry. On the device side, since the end of last year, Apple has been hit by the rise in Android sales. Currently, multiple stocks in the Apple supply chain are at a low valuation level and should be continuously monitored.