Market Insight | COWELL falls more than 3%, leading the decline in the Apple concept. The AI function may not be sufficient to stimulate phone upgrades. Debate sparked by rumors of two choices
Concept stocks related to Apple continue to decline, with COWELL dropping by 3.41% to HKD 21.25, Dongjiang Group Holdings falling by 1.74%, Tongda Group dropping by 1.35%, and BYD Electronics down by 0.37%. Despite the upcoming launch of the new iPhone on September 20th and the expected AI function update in October, the market lacks confidence in its stimulating upgrade. The rumor about iPhone 16 possibly not supporting WeChat has sparked discussions, and the specific situation requires confirmation through negotiations between Apple and Tencent
According to the Wise Finance APP, Apple concept stocks continued to decline recently. As of the time of publication, Cowell (01415) fell by 3.41% to HKD 21.25; Dongjiang Group Holdings (02283) fell by 1.74% to HKD 1.69; Tongda Group (00698) fell by 1.35% to HKD 0.073; BYD Electronics (00285) fell by 0.37% to HKD 27.1.
On the news front, Apple will hold its latest product launch event in the early hours of September 10th Beijing time, where the latest iPhone equipped with AI functionality will be unveiled. However, recent reports suggest that the latest iPhone will be launched on September 20th, but the artificial intelligence features will only be available through a software update in October. In addition, a survey of U.S. smartphone consumers indicates that AI may not be enough to drive upgrades, posing a risk to Apple's upward momentum.
Furthermore, there have been recent rumors circulating online that the "iPhone 16 may not support WeChat," sparking market discussions about a potential "choose one between WeChat and Apple" scenario. An Apple China technical advisor stated that discussions between Apple and Tencent are needed to determine whether the iOS system or Apple devices can continue to support WeChat, including whether WeChat can remain available for download on the Apple App Store in the future