Understanding the Market | Apple Concept Stocks Rise Against the Trend, Cowell Up Over 5%, SUNNY OPTICAL Up Over 2%
Apple concept stocks rose against the market trend, with COWELL up 5.62% to HKD 26.3, SUNNY OPTICAL up 2.18% to HKD 65.5, and AAC TECH up 1.37% to HKD 40.6. Alibaba launched the Qwen3 series models based on Apple's MLX framework to support the performance of Apple products in the Chinese market. According to Counterpoint Research data, Apple iPhone sales in China have increased, with global sales up 15% year-on-year
According to Zhitong Finance APP, Apple concept stocks rose against the trend. As of the time of publication, COWELL (01415) rose by 5.62% to HKD 26.3; SUNNY OPTICAL (02382) rose by 2.18% to HKD 65.5; AAC TECH (02018) rose by 1.37% to HKD 40.6; and Q Technology (01478) rose by 0.95% to HKD 7.46.
In terms of news, Alibaba's Tongyi Qianwen team launched all Qwen3 series models deeply optimized based on Apple's MLX framework on Monday. The team will open source all 32 official Qwen3 MLX models at once, enabling easy deployment of these models on iPhone, iPad, and Mac computers, achieving full scene coverage. In February of this year, Alibaba confirmed its cooperation with Apple for Apple Intelligence in China. Analysts pointed out that Alibaba's Tongyi Qianwen deeply adapting the entire Qwen3 series to Apple chips is seen as paving the way for the Chinese version of "Apple Intelligence" to land.
In addition, data from Counterpoint Research shows that in May this year, Apple's iPhone sales in China rose to the top, with global sales in April and May increasing by 15% year-on-year, marking the company's best performance in two months since the pandemic. Counterpoint's preliminary data indicates that the growth in global sales is mainly driven by the recovery of Apple in its two largest markets, China and the United States
