Understanding the Market | Apple concept stocks expanded gains in the late trading session as Apple's revenue in Greater China showed signs of recovery, and the market continues to pay attention to U.S. tariff policies
Apple concept stocks expanded their gains in the closing session, with BYD ELECTRONIC rising 8.03%, FIT HON TENG rising 5.84%, AAC TECH rising 2.47%, and SUNNY OPTICAL rising 1.09%. Apple released its fiscal Q3 2025 financial report, with total revenue of $94.04 billion, a year-on-year increase of 10%, and revenue from Greater China of $15.369 billion, a year-on-year increase of 4%. The United States will impose a 25% tariff on Indian goods, which may affect Apple's manufacturing strategy in India
According to Zhitong Finance APP, Apple concept stocks saw an expanded increase in the late trading session. As of the time of publication, BYD ELECTRONIC (00285) rose by 8.03% to HKD 35.52; FIT HON TENG (06088) rose by 5.84% to HKD 2.72; AAC TECH (02018) rose by 2.47% to HKD 41.42; SUNNY OPTICAL (02382) rose by 1.09% to HKD 74.35.
In terms of news, Apple recently released its Q3 financial report for the fiscal year 2025. During this period, total revenue reached USD 94.04 billion, a year-on-year increase of 10%, marking the strongest quarterly revenue growth since December 2021; net profit was USD 23.434 billion, a year-on-year increase of 9%, with diluted earnings per share of USD 1.57, a year-on-year increase of 12%. Notably, in the third quarter, Apple's revenue from Greater China was USD 15.369 billion, a year-on-year increase of 4%, indicating a recovery in the Chinese market.
Additionally, U.S. President Trump recently stated that starting from August 1, the U.S. will impose a 25% tariff on goods from India, along with an undisclosed amount of fines. This tariff policy may directly impact Apple's manufacturing strategy in India. According to Canalys, of the 27.1 million smartphones shipped to the U.S. in the second quarter, 44% were assembled in India, compared to 13% in the same period last year. Cook has stated that he expects all iPhone production lines for the U.S. market to be moved to India by the fiscal year 2026 at the earliest
