HK Stock Market Move | Mobile phone industry chain continues to decline; global smartphone shipments plunge; iPhone Duo premium narrows significantly.

The mobile phone industry chain continues to decline. As of press time, TONGDA GROUP (00698) fell 8.60% to HK$2.02; FIT Hon Teng (06088) fell 7.02% to HK$3.775; Lens Technology (06613) fell 3.72% to HK$16.8; Q TECH (01478) fell 2.60% to HK$4.685. On the news front, market research institutions IDC, Counterpoint, and Omdia recently released third-quarter global smartphone market reports one after another, showing shipments fell 22%, 20%, and 20% year-on-year, respectively. Among them, IDC data showed that global smartphone shipments dropped to 255.3 million units, a decrease of nearly 70 million units from the same period last year, marking the largest single-quarter year-on-year decline since records began. It is worth noting that on October 16, Apple's first foldable-screen iPhone Duo opened for pre-order. The Dewu platform showed that on September 11, the 1TB version priced at 21,499 yuan was once marked up to 79,999 yuan, a premium of more than 58,000 yuan. Now, quotes for the iPhone Duo on third-party channels have fallen sharply. Multiple scalpers on second-hand trading platforms are asking for only a 3,000 yuan markup and promise that goods can be picked up on the first sales day.