Market Insight | Sunny Optical up nearly 4%, leading the Apple concept. Morgan Stanley estimates iPhone shipments to exceed 500 million in the next two years

According to the information from Zhitong Finance and Economics APP, Apple concept stocks rose across the board in the morning session. As of the time of publication, Sunny Optical (02382) rose by 2.76% to HKD 50.25, Q Technology (01478) rose by 2.39% to HKD 5.12, GoerTek (01415) rose by 2.09% to HKD 24.4, and AAC Technologies (02018) rose by 0.31% to HKD 32.2.

On the news front, Morgan Stanley released a report predicting that Apple's iPhone shipments will exceed 500 million units in the next two years, surpassing the high record of 2021-2022. It is estimated that the shipment volume for the fiscal year 2025 will be 235 million units, and for the fiscal year 2026 will be 262 million units. On Monday, Apple's stock price hit a new all-time high, with a total market value of USD 3.59 trillion. It announced an increase in Apple's target price from USD 216 to USD 273.

Cinda Securities believes that Apple's three-tier Apple Intelligence release showcases the long-term, forward-looking, and comprehensive nature of its AI strategy. Leveraging years of experience and technology accumulation in user experience, Apple Intelligence may help it build a differentiated competitive advantage. As a benchmark enterprise in the consumer electronics industry, Apple is expected to once again lead the AI growth trend in the consumer electronics industry. In addition, Apple's sales in China declined in the previous period, although there has been some recovery in the short term, its valuation remains relatively low. In the second half of the year, Apple's new models are about to be released, and the impact on sales in China may be more moderate than last year. The current opportunity in the Apple supply chain is worth paying attention to