Understanding the Market | BYD ELECTRONIC rose over 9%, leading the Apple concept stocks as Apple announced plans to expand its retail business in Saudi Arabia
BYD ELECTRONIC's stock price rose by 9.67%, leading the Apple concept stocks. Apple announced that it will expand its retail business in Saudi Arabia, planning to open an online store in the summer of 2025 and a flagship retail store in 2026. Apple's expansion is based on its investments in Saudi Arabia, including the developer academy launched in collaboration with local institutions. Guokai Securities pointed out that AI is helping the terminal market to recover, expanding the growth space for the Apple supply chain. Huafu Securities believes that although the market has concerns about tariff risks, the advantages of the mainland industrial chain are obvious, and the impact is limited
According to Zhitong Finance APP, Apple concept stocks strengthened during the trading session. As of the time of writing, BYD ELECTRONIC (00285) rose by 9.67% to HKD 43.1; Sunny Optical Technology (02382) increased by 4.29% to HKD 65.6; Q Technology (01478) climbed by 4.23% to HKD 6.4; GoerTek (01415) gained 2.73% to HKD 28.25; and AAC Technologies (02018) rose by 1.76% to HKD 37.55.
In terms of news, on December 9, Apple announced plans to open an online store in Saudi Arabia in the summer of 2025, offering a full range of products, services, and Arabic language support. Starting in 2026, Apple will open the first of several flagship retail stores in Saudi Arabia to provide local consumers with a more convenient shopping experience. Among them, Apple plans to establish a landmark retail store in Diriyah, a UNESCO World Heritage site. It is reported that Apple's retail expansion is built on its investment in Saudi Arabia, including the launch of the region's first Apple Developer Academy in Riyadh in collaboration with the Saudi government, Tuwaiq Academy, and Princess Nourah bint Abdulrahman University in 2021.
It is worth mentioning that recently, Ming-Chi Kuo revealed that the next-generation iPad Pro equipped with the M5 chip is expected to begin mass production in the second half of next year, with BYD ELECTRONIC as the main foundry, and it will be released later next year. Guokai Securities stated that AI is helping to boost terminal prosperity and further open up growth space for the Apple supply chain. Currently, the smartphone market is showing a bifurcation trend, with the high-end and entry-level markets mainly driving industry growth. Huafu Securities believes that under the long-term upward trend of the industry, the current market has some concerns about tariff risks, but the firm believes that due to the obvious advantages of the mainland supply chain, the impact is limited