Understanding the Market | Apple concept stocks expanded their gains in the afternoon as iPhone sales remain strong; reports suggest Apple has notified its supply chain to increase production capacity
Apple concept stocks saw an expanded increase in the afternoon, with Q TECH rising 7.11%, SUNNY OPTICAL rising 4.61%, FIT HON TENG rising 4.2%, and AAC TECH rising 2.56%. Since the iPhone 17 series went on sale on September 19, sales have continued to surge, and Apple has notified suppliers to increase daily production by at least 30%. Analysts pointed out that global demand for the iPhone 17 has increased by 10%-15% compared to last year, driving Apple into a new growth cycle. At the same time, OpenAI has reached a cooperation with Apple supply chain companies, which is expected to bring new growth momentum to related enterprises
According to Zhitong Finance APP, Apple concept stocks saw an expanded increase in the afternoon. As of the time of publication, Q TECH (01478) rose by 7.11% to HKD 16.73; SUNNY OPTICAL (02382) increased by 4.61% to HKD 89.6; FIT HON TENG (06088) climbed by 4.2% to HKD 6.45; AAC TECH (02018) went up by 2.56% to HKD 45.64.
In terms of news, since the official launch of the iPhone 17 series on September 19, sales have remained strong, and currently, the delivery time for pre-orders on Apple's official website is still 3-4 weeks. According to media reports, after a strong performance in the first week of pre-sales, Apple has notified two suppliers to increase the daily production of the iPhone 17 by at least 30%. Wedbush analysts pointed out that global demand for the iPhone 17 series is 10%-15% higher than that of last year's iPhone 16, which is driving Apple into a new growth cycle.
Additionally, OpenAI has reached a strategic cooperation with China's "fruit chain" leader Luxshare Precision to jointly develop a revolutionary AI device for consumers. According to Lyon, channel news indicates that OpenAI is also discussing component supply matters with Lens Technology and AAC TECH; considering that the core members of OpenAI's device team come from Apple, it is reasonable for them to choose to cooperate with Apple supply chain companies. It is expected that these initiatives could bring new growth momentum to existing Apple supply chain companies
