Market Insight | BYD ELECTRONIC Surges Over 4% on AI Innovation Driving iPhone Replacement Wave, Company Poised for Deep Profitability
BYD ELECTRONIC is now up more than 4%, as of the time of publication, it is up 3.87% to HKD 37.6, with a turnover of HKD 3.52 billion. On the news front, Apple showcased its AI service suite for the first time at the Worldwide Developers Conference (WWDC) in June 2024. Morgan Stanley predicts that Apple's iPhone shipments will exceed 500 million units in the next two years, surpassing the high record of 2021-2022. Specifically, Morgan Stanley expects that in fiscal years 2025 and 2026, 66-69% of iPhone shipments will be new models, 2-6 percentage points higher than fiscal year 2024, and 3 percentage points higher than the peak before fiscal year 2022, driving annual growth in iPhone ASP by 4-5%. It is reported that BYD ELECTRONIC acquired Jiepu's mobile manufacturing business at the end of 2023. Jiepu is a major supplier of titanium alloy frames for the iPhone 15 Pro. The consolidation of Jiepu's business signifies the company's breakthrough in the largest category of products for major customers. In addition to the mid-frame business, the company is actively expanding into other product categories. The company is expected to benefit significantly from the release of Apple Intelligence in June, accelerating the AI terminal layout for major customers
According to the Wise Finance app, BYD ELECTRONIC (00285) is now up more than 4%, as of the time of publication, up 3.87% to HKD 37.6, with a turnover of HKD 3.52 billion.
On the news front, Apple showcased its AI service suite for the first time at the Worldwide Developers Conference (WWDC) in June 2024. Morgan Stanley predicts that Apple's iPhone shipments will exceed 500 million units in the next two years, surpassing the high record of 2021-2022. Specifically, Morgan Stanley expects that in fiscal years 2025 and 2026, 66-69% of iPhone shipments will be new models, 2-6 percentage points higher than fiscal year 2024, 3 percentage points higher than the peak before fiscal year 2022, driving annual growth in iPhone ASP by 4-5%.
It is reported that BYD ELECTRONIC acquired Jiepu's mobile manufacturing business at the end of 2023. Jiepu is a major supplier of titanium alloy frames for the iPhone 15 Pro. The consolidation of Jiepu's business signifies the company's breakthrough in the largest category of products for major customers. In addition to the mid-frame business, the company is actively expanding into other product categories. The company is expected to benefit significantly from Apple's Intelligence Acceleration AI terminal layout released by a major customer in June