Understanding the Market | Q TECH rose more than 5%, leading the Apple concept. Apple shows a relatively positive attitude towards Apple Intelligence
Concept stocks related to Apple rose in early trading, with Q TECH leading the gains by rising more than 5%. Apple has shown a positive attitude towards Apple Intelligence, which may enhance the intelligence and user experience of terminal devices. Global smartphone manufacturers are all laying out AI smartphones, and it is expected that the global penetration rate of AI smartphones will reach 16% by 2024
According to the Zhitong Finance and Economics APP, Apple concept stocks rose in early trading. As of the time of publication, Q TECH (01478) rose by 4.09% to HKD 4.07; AAC Technologies (02018) rose by 2.95% to HKD 26.15; BYD Electronic (00285) rose by 1.54% to HKD 29.6; Sunny Optical Technology (02382) rose by 1.64% to HKD 43.4.
On the news front, Apple has shown a more positive attitude towards Apple Intelligence. Huatai Securities pointed out that the integration of Apple Intelligence into Apple terminals may make the devices more intelligent and user-friendly. Some functions have already been pushed to developers, attracting developers to actively join. From the perspective of hardware support, the iPhone needs to update its A-series chips to use it, which may stimulate user demand for upgrades and is expected to lead a new round of hardware innovation.
Guoyuan International stated that major global smartphone manufacturers have all laid out AI smartphones, stimulating industry demand recovery. In Q2 2024, the global smartphone market achieved three consecutive quarters of growth, with shipments increasing by 12% year-on-year to reach 288 million units. Canalys predicts that the penetration rate of global AI smartphones will reach 16% by 2024 and 54% by 2028