Apple supplier stocks continued to fall. As of press time, Cowell (01415) fell 4.22%, reporting HKD 20.4; FIH (02038) fell 3.66%, reporting HKD 0.79; Sunny Optical (02382) fell 3.16%, reporting HKD 42.9.
According to the Futu Securities app, Apple supplier stocks continued to fall. As of press time, Cowell (01415) fell 4.22%, reporting HKD 20.4; FIH (02038) fell 3.66%, reporting HKD 0.79; Sunny Optical (02382) fell 3.16%, reporting HKD 42.9; BYD Electronics (00285) fell 2.95%, reporting HKD 29.6.
On the news front, research institution IDC's report shows that Apple's iPhone shipments fell 3.1% in the second quarter, and its sales ranking in the Chinese market fell out of the top five. Previously, market research institution Canalys also released a report stating that Apple's iPhone shipments in the second quarter of this year fell to sixth place, with a year-on-year decline in market share of 2%, accounting for 14%. It is worth noting that Apple has continued to lower prices in the Chinese market this year. In a promotion launched in May, the price cuts for Apple phones were twice as much as the promotion in February of this year.
In addition, Apple will release its Q3 2024 earnings report after the post-market trading on August 1 US Eastern time. JP Morgan expects that Apple's Q2 iPhone and overall revenues are expected to exceed market expectations, laying the foundation for entering an AI-driven replacement cycle. Huafu Securities pointed out that the short-term correction of consumer electronics does not change the upward trend of the industry, and replacement and innovation are expected to lead industry growth. The company believes that the high-growth cycle of consumer electronics is about to begin, and the core bullish targets are the apple chain industry and terminal innovation.