HK Stock Market Move | Apple concept stocks rose across the board. It is rumored that Apple will hold a new product launch event next month. Morgan Stanley stated that the shortened delivery time for iPhone 16 does not necessarily reflect the demand.

Concept stocks of Apple rose across the board in early trading. As of the time of writing, Q TECH (01478) rose 6.35% to HK$4.52; COWELL (01415) rose 4.25% to HK$20.85; Shun Yu Optical (02382) rose 3.07% to HK$45.3; AAC TECH (02018) rose 1.95% to HK$28.7. On the news front, it was reported that Apple may hold another event in October this year to release new Mac and iPad models. After releasing new iPhones, Apple Watch, and AirPods this month, Apple is preparing to release new Mac computers next month. Insiders say that Apple plans to announce the first batch of M4 Macs and new entry-level iPads at the next event in the "coming weeks." It is expected that MacBook Pro, iMac, and Mac mini will be updated with M4 chips this year, followed by MacBook Air, Mac Studio, and Mac Pro in 2025. Previously, concerns were raised as pre-orders for the iPhone 16 series in the first week were lower than expected. Morgan Stanley analyst Erik Woodring pointed out in a report that current iPhone demand data may not reflect future demand, and it is too early to judge the future shipments of iPhones in the next 12 months. He wrote, "The delivery time for iPhone 16 has shortened compared to last year, but at this early stage, delivery time as a proxy indicator of demand does not have strong predictive power. Changes in delivery time over the next 10 days are more important."