Understanding the Market | Apple Concept Stocks Generally Decline, Morgan Stanley Moderately Lowers iPhone Shipment Forecast for the First Fiscal Quarter Ending in Late December
Concept stocks related to Apple fell across the board. As of the time of publication, Q Technology fell by 6.25% to HKD 21.75; Sunny Optical fell by 6.07% to HKD 5.11; and AAC Technologies fell by 5.74% to HKD 55.8. On the news front, JP Morgan released a research report stating that the sales of the Apple iPhone 16 series have exceeded one week (pre-orders started on September 13, and the official launch was on September 20). Early indications show strong product performance in this cycle, although the launch of high-end models lacks early momentum compared to previous cycles. Therefore, the bank has lowered its recent iPhone sales forecast, with the current expectation of total iPhone sales in the second half of the year at around 126 million units (compared to the previous forecast of 130 million units and 132 million units a year ago). However, the outlook for the medium-term artificial intelligence cycle remains unchanged, with the recent estimate adjustment only representing a mild increase in sales in the later stages of the cycle. JP Morgan also moderately lowered its forecast for Apple's iPhone shipments for the first fiscal quarter ending December this year to 76 million units
According to the information from Zhitong Finance and Economics APP, Apple concept stocks are generally falling. As of the time of publication, High Wealth Electronics (01415) fell by 6.25% to HKD 21.75; Qiu Titanium Technology (01478) fell by 6.07% to HKD 5.11; and Shun Yu Optics (02382) fell by 5.74% to HKD 55.8.
On the news front, Morgan Stanley released a research report stating that the sales of the Apple iPhone 16 series have exceeded one week (pre-order started on September 13, and sales began on September 20). Early signs indicate a strong performance in the product cycle, although the release of high-end models lacks early momentum compared to previous cycles. Therefore, the bank has lowered its recent iPhone sales forecast, with the current expectation of total iPhone sales in the second half of the year at around 126 million units (compared to the previous forecast of 130 million units and the forecast of 132 million units a year ago). However, the expectations for the medium-term artificial intelligence cycle remain unchanged, and the recent estimate adjustment only represents a mild increase in sales in the later stages of the cycle. Morgan Stanley pointed out that it has moderately lowered its forecast for iPhone shipments in the first fiscal quarter ending in December this year to 76 million units