Understanding the Market | Most Apple concept stocks rose, Apple COO recently visited the "Apple supply chain," Cook stated that the company will continue to increase investment in China
Apple concept stocks generally rose, with FIT HON TENG up 6.43% and BYD ELECTRONIC up 5.73%. Apple's COO recently visited supply chain companies, and Cook stated that he will continue to increase investment in China. Cook met with the Minister of Industry and Information Technology to discuss Apple's business development in China. Tianfeng Securities pointed out that Apple is expanding its user base through its technology inclusivity strategy, while Huafu Securities believes that tariffs have a limited impact on supply chain equipment companies
According to Zhitong Finance APP, most Apple concept stocks rose. As of the time of publication, FIT HON TENG (06088) rose by 6.43% to HKD 6.29; BYD ELECTRONIC (00285) rose by 5.73% to HKD 41.36; Lens Technology (06613) rose by 3.47% to HKD 27.46; AAC Technologies (02018) rose by 2.01% to HKD 40.62.
In terms of news, on October 14, Apple COO Sabih Khan visited AAC Technologies' heat sink module production factory located in Changzhou, Jiangsu, where he toured the first fully automated ultra-thin heat sink production line, as well as the iPhone 17 mid-frame production line at Lens Technology in Taizhou, Jiangsu. Additionally, on October 15, Li Lecheng, Minister of Industry and Information Technology, met with Apple CEO Tim Cook in Beijing, where they discussed Apple's business development in China and strengthening cooperation in the electronic information field. Cook expressed gratitude for the support from the Ministry of Industry and Information Technology, stating that Apple will continue to increase its investment in China and enhance the level and depth of cooperation to achieve mutual benefits.
It is worth noting that on the evening of October 13, Cook visited the Douyin Apple Store official live broadcast room, announcing that the iPhone Air will start pre-sales in China on October 17 and officially go on sale offline on October 22. Tianfeng Securities pointed out that Apple is implementing a "technology for all" strategy, decentralizing high-end features to expand its user base while maintaining brand premium with the Pro series, putting pressure on the Android camp. Huafu Securities believes that the impact of tariffs on Apple supply chain equipment companies should not be overestimated, as Apple has very strict requirements for suppliers, and domestic Apple supply chain companies have irreplaceability
