Market Insight | Q TECH fell nearly 5%, leading the decline in Apple concept stocks. Apple's new product launch is imminent. Reports suggest that AI features may be slowly rolled out in stages
Q TECH fell nearly 5% in early trading, leading the decline in Apple concept stocks. Reports indicate that Apple's new product launch event is imminent, with expectations of introducing a new iPhone with AI capabilities. However, the initial version of the AI feature will lack many characteristics and will not be usable in the European Union. New features for ChatGPT and Siri have also been delayed. The market has reacted sensitively to this news. Meanwhile, the App Store has updated the WeChat version, overturning speculation about "Apple, WeChat, choose one"
According to the information from Zhitong Finance and Economics APP, Apple concept stocks fell across the board in the morning session. As of the time of publication, Q TECH (01478) fell by 4.39% to HKD 4.36; BYD Electronics (00285) fell by 4.24% to HKD 25.95; Sunny Optical Technology (02382) fell by 3.86% to HKD 46.05; and GoerTek (01415) fell by 2.79% to HKD 20.9.
On the news front, Apple is set to hold its latest product launch event in the early hours of September 10th Beijing time, where the latest iPhone equipped with AI functionality will be unveiled. According to media reports, Apple Intelligence is not yet fully mature. The initial version will lack many features and will not be usable in the EU; ChatGPT will be integrated into Apple Intelligence later this year, and all major new features of Siri will be launched next year, with AI image generation functions also delayed until next year.
It is worth noting that users have reported that the WeChat version on the App Store can now be updated. Upon checking, the iOS version of WeChat is indeed updatable. Earlier reports stated that Apple has approved an update to the Tencent Holdings WeChat application in the upcoming iPhone 16. Analysts believe that with the update of WeChat on the iOS system, the unfounded speculation of "Apple or WeChat, choose one" has now been debunked