HK Stock Market Move | TCL ELECTRONICS(01070) rose more than 5%, global sales of AI glasses expected to explode, the company's Thunderbird brand smart glasses business is rapidly expanding

TCL ELECTRONICS (01070) rose more than 5%, reaching a 5.5% increase to 6.91 Hong Kong dollars as of press time, with a turnover of 32.33 million Hong Kong dollars. On the news front, according to Wellsenn's forecast data, global AI smart glasses sales will reach 2 million pairs by 2024, further increasing to 4 million pairs by 2025. By 2030, AI+AR technology is expected to mature, and AI+AR smart glasses will enter a period of rapid development. Global shipments of AI glasses are expected to increase to 80 million pairs by 2030, with a CAGR of 134% from 2023 to 2030. Ping An Securities points out that by 2025, the AI smart glasses market will enter a period of intense new product releases, with global sales expected to increase significantly, and the related industry chain will also benefit. On January 7, TCL ELECTRONICS' sub-brand, Lebird, launched the new AI shooting glasses Lebird V3; and the company plans to launch the new smart glasses X3Pro in the second quarter of 2025. Pacific Securities notes that as a leader in the global TV industry, the company's internal efficiency continues to improve, with smart screen market share and the proportion of mid-to-high-end large screen products continuously increasing. The profitability of internet businesses is stable, and innovative businesses such as photovoltaics and full-category marketing are developing rapidly. At the same time, the rapid expansion of the Lebird brand's smart glasses business is expected to boost the company's performance and reputation.