Understanding the Market | Apple concept stocks continue to rise as Apple intensively releases new products this week, with the fourth quarter financial report disclosure imminent

Zhitong
2024.10.31 02:40
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Apple concept stocks continue to rise, with COWELL up 4.54%, SUNNY OPTICAL up 3.67%, and Q TECH up 3.19%. Apple recently released the new MacBook Pro and M4 Max chip, and will disclose its FY4Q24 financial report on November 1, which is expected to include new products such as the iPhone 16 series. Huatai Securities pointed out that the changes in the AI Phone industry have just begun, and it is recommended to pay attention to future market feedback and adjustments in shipment expectations

According to Zhitong Finance APP, Apple concept stocks continue to rise. As of the time of publication, COWELL (01415) is up 4.54%, trading at HKD 24.2; SUNNY OPTICAL (02382) is up 3.67%, trading at HKD 52.3; Q TECH (01478) is up 3.19%, trading at HKD 5.18; AAC Technologies (02018) is up 2.68%, trading at HKD 32.55.

In terms of news, on Wednesday, Apple expanded its Mac series products again, launching the latest MacBook Pro laptop and the high-end M4 Max chip. Previously, Apple released the new Mac mini desktop and M4 Pro chip, introduced the first phase of its artificial intelligence feature, Apple Intelligence, and launched a new iMac desktop equipped with the M4 chip.

Huatai Securities research report states that at 5 a.m. Beijing time on November 1, Apple will disclose its FY4Q24 (July-September 2024) results. In this quarter, Apple launched several new products, including the iPhone 16 series, Apple Watch Series 10, and AirPods 4. The firm believes that changes in the AI Phone industry have just begun and may gradually bring about changes in human-computer interaction. Looking ahead to 4Q24 and 2025, it is recommended to pay attention to the progress of NPI P2 phase, market feedback after the gradual rollout of AI features, and adjustments to shipment expectations for 2025