Understanding the Market | Apple concept stocks collectively rise as domestic iPhone new model pre-order demand is strong, AI features expected to further boost sales
Apple concept stocks collectively rose, with FIT HON TENG up 12.73%, Q TECH up 5.28%, SUNNY OPTICAL up 5.15%, and COWELL up 4.56%. Due to strong demand for the iPhone 17 standard version, Apple plans to increase its daily production by at least 30%. Goldman Sachs expects Apple's iPhone revenue to grow by 8% in the fourth fiscal quarter. Although the market's reaction to the autumn launch event was lukewarm, the new iPhone inventory exceeds 90 million, with good sales trends, and AI features are expected to further drive sales
According to Zhitong Finance APP, Apple concept stocks have collectively risen. As of the time of publication, FIT HON TENG (06088) rose 12.73% to HKD 6.64; Q TECH (01478) rose 5.28% to HKD 15.15; SUNNY OPTICAL (02382) rose 5.15% to HKD 85.75; COWELL (01415) rose 4.56% to HKD 38.5.
On the news front, The Information reported that due to an unexpected increase in demand for the standard version of the iPhone 17, Apple is raising its production. After experiencing a strong pre-order surge over the weekend, Apple has informed two suppliers to increase the daily production of the iPhone 17 by at least 30%. According to pre-order data tracked by Goldman Sachs from Apple.com, globally, the delivery times for all models of the iPhone 17 are longer than those of previous generations, with the standard version and Pro Max models seeing the most significant increases, extending delivery times by 8 days. The performance in the mainland China market is particularly outstanding, with average delivery times increasing by 17 days, reaching a waiting period of 27 days. Goldman Sachs indicated that the strong pre-order demand signals support its expectation of an 8% growth in iPhone revenue for Apple's fourth fiscal quarter.
Zhongshan Securities released a research report stating that Apple's iPhone and other autumn new products began pre-orders on September 12 and officially went on sale on September 19. Although the autumn launch event was generally regarded as unremarkable by the market, overall, the inventory of new iPhone models exceeding 90 million is better than last year, and the sales trend remains good. The high cost-performance ratio of the iPhone 17 is expected to drive sales beyond expectations, while demand for the 17 Pro remains stable and positive. The demand for Air models still needs further observation after global release in regions like China. The new iPhone models, combined with more comprehensive AI features in the future, are expected to further boost sales. Additionally, Apple's three-year hardware innovation acceleration cycle has begun, and its innovations in edge AI software and ecosystem will be worth noting next year. It is recommended to seize the undervalued Apple supply chain
