HK Stock Market Move | Apple concept stocks rise across the board, iPhone new products are expected to have stable sales, Apple may release new products again next month.

Apple concept stocks surged across the board as of press time. AAC TECH (02018) rose by 5.81% to HK$30.05; Q TECH (01478) rose by 2.65% to HK$4.64; BYD ELECTRONIC (00285) rose by 2.43% to HK$27.4; COWELL (01415) rose by 0.23% to HK$21.65. On the news front, Huaan pointed out that the new iPhone models already have the hardware capability to support Apple Itelligence. It is expected that they will gradually begin to be implemented, bringing a new change to the mobile phone industry. At this current juncture, the firm believes that Apple's focus should be on the sales performance of the new phones, as well as the NPI status of the iPhone 17 series in 2025, anticipating further hardware innovation. TechInsights analysts previously predicted that the shipment volume of the iPhone 16 series will exceed its predecessors, with a projected global shipment volume of 73 million units in 2024. The iPhone 16 Pro Max is expected to become the highest-selling model in the iPhone 16 series, accounting for 35% of total sales. Furthermore, it has been reported that Apple may hold another event in October this year to release new Mac and iPad models.