Market Insight | Apple concept stocks surge, strong demand for iPhone 16 Pro model, institutions optimistic about Apple's three-year innovation cycle
Concept stocks related to Apple are generally up, with BYD Electronics up 6.45%, Qiu Titanium Technology up 3.79%, and Sunny Optical Technology up 2.82%. Analyst Ming-Chi Kuo pointed out that there is strong demand for the iPhone 16 Pro model, with stable assembly orders and suppliers continuing production during the holidays. Market research shows that demand for the iPhone 16 Pro remains strong, with TF Securities believing that the sales volume of the new model is on par with last year, and overall demand for mid-to-high-end models is strong, maintaining a positive outlook on Apple's three-year innovation cycle
According to the information from Zhitong Finance and Economics APP, Apple concept stocks are generally rising. As of the time of publication, BYD Electronics (00285) rose by 6.45% to HKD 33, Q Technology (01478) rose by 3.79% to HKD 5.48, Sunny Optical Technology (02382) rose by 2.82% to HKD 56.55, AAC Technologies (02018) rose by 2.39% to HKD 32.1, and GoerTek (01415) rose by 1.91% to HKD 23.95.
On the news front, Tianfeng International Securities analyst Guo Minghao released an update on iPhone 16 shipments, stating that assembly orders have remained almost unchanged. Suppliers have been asked to continue production of the two Pro models during the "National Day" holiday, indicating that the demand for the two Pro models so far roughly meets expectations. In addition, market research firm TechInsights reported that in the third week of the listing window, the demand for the Apple iPhone 16 Pro model continues to be strong.
Tianfeng Securities previously pointed out in a research report that the waiting time for the iPhone 16 new model has been shortened. The firm believes that due to supply-side disturbances at the same time last year, there is no need to be overly pessimistic about demand in the short term. They believe that this year's new model sales volume will be similar to last year's, with higher popularity for high-end models in the overall product structure. They continue to be optimistic about the boost to Apple suppliers' performance from the start of Apple's three-year innovation cycle