HK Stock Market Move | Apple concept stocks rose in the afternoon, Apple may start a 3-year innovation cycle, institutions optimistic about consumer electronics valuation reshaping.

Apple concept stocks rose in the afternoon. As of the time of writing, COWELL (01415) rose by 8.78% to HK$33.96; Lens Technology (06613) rose by 7.47% to HK$26.48; BYD ELECTRONIC (00285) rose by 3.68% to HK$40.62; Sunny Optical (02382) rose by 3.35% to HK$86.45; Q TECH (01478) rose by 2.76% to HK$15.61. On the news front, Apple is set to launch multiple new products, including the iPhone 17 series, and new software updates at a product launch event scheduled for September 2025. According to reports, Apple is planning a major overhaul of its iconic product, the iPhone. Tech journalist Mark Gurman revealed that Apple plans to kick off a three-year cycle of significant design changes starting with the iPhone 17 series set to be released in September this year, aiming to enhance the appeal of its flagship product. CITIC SEC stated that the current valuation of A/H listed companies in the Apple supply chain is relatively low, and is optimistic about the sentiment recovery brought about by the landing of short-term negative factors in the Apple supply chain. They also believe in the hardware innovation cycle of Apple from 2025 to 2027. They recommend focusing on companies with a solid foundation in Apple business contributions, as well as companies involved in AI business, foldable screens, Siasun Robot & Automation, and other new areas. Guosheng Securities believes that the third quarter is a traditional peak season for consumer electronics, and major terminals will release new products such as AI smartphones and AR glasses. The sector will enter a period of high production, and industry chain operating rates will quickly rise. The brokerage firm believes that market sentiment triggered by tariffs has already been reflected in stock prices, and the short-term risks that market was concerned about have been resolved, which will help reshape the valuation of the sector.