Understanding the Market | Apple concept stocks lead in gains as reports indicate strong demand for the iPhone 17 series, with Apple stock reaching an all-time high
Apple concept stocks rose sharply. As of the time of publication, FIT HON TENG rose 5.75%, trading at HKD 5.89; FIH rose 4.33%, trading at HKD 19.04; Lens rose 4.68%, trading at HKD 26.82; COWELL rose 4.8%, trading at HKD 33.64. According to news, research firm Counterpoint reported that early sales of the iPhone 17 series in the Chinese and American markets were strong, with sales 14% higher than the iPhone 16 series, and the basic model of the iPhone 17 nearly doubled its sales in China. As a result, Apple shares rose nearly 4%, reaching an all-time high, with a total market capitalization of USD 3.89 trillion, making it the second-largest company by market value in the United States. China Galaxy released a research report stating that data shows the newly launched iPhone 17 series is widely popular globally, and the new Apple products powered by the powerful M5 chip are also expected to achieve good sales. It is recommended to pay attention to investment opportunities in the Apple supply chain with shipments exceeding expectations
According to Zhitong Finance APP, Apple concept stocks are among the top gainers. As of the time of writing, FIT HON TENG (06088) is up 5.75%, trading at HKD 5.89; FIH (02038) is up 4.33%, trading at HKD 19.04; Lens (06613) is up 4.68%, trading at HKD 26.82; COWELL (01415) is up 4.8%, trading at HKD 33.64.
On the news front, research firm Counterpoint reported that early sales of the iPhone 17 series in the Chinese and American markets are strong, with sales 14% higher than the iPhone 16 series, and the basic model of the iPhone 17 nearly doubling its sales in China. As a result, Apple shares rose nearly 4%, reaching a historic high, with a total market capitalization of USD 3.89 trillion, making it the second-largest company by market value in the United States.
China Galaxy released a research report stating that data shows the newly launched iPhone 17 series is widely popular globally, and the new Apple products powered by the powerful M5 chip are expected to achieve good sales. It is recommended to pay attention to investment opportunities in the Apple supply chain with shipments exceeding expectations
