Market Insight | Apple concept stocks continue to rise as Apple's AI innovation is expected to shorten the replacement cycle according to institutions
Concept stocks related to Apple continue to rise. As of the time of publication, Qiu Tai Technology rose by 7.92% to HKD 3.95; Foxconn Technology Group rose by 5% to HKD 0.84; GoerTek Inc. rose by 3.13% to HKD 21.45; BYD Electronic rose by 2.77% to HKD 37.1
According to the information from Zhitong Finance and Economics APP, Apple concept stocks continue to rise. As of the time of publication, Qiu Titanium Technology (01478) rose by 7.92% to HKD 3.95; Foxconn Technology Group (02038) rose by 5% to HKD 0.84; GoerTek Inc. (00285) rose by 3.13% to HKD 21.45; BYD Electronics (00285) rose by 2.77% to HKD 37.1.
Macquarie Research released a research report stating that Apple unveiled major updates for Apple Intelligence and Siri at the global developers conference. The firm expects that the new Apple Intelligence feature will drive upgrades and increase user stickiness. CMB International pointed out that since Apple's AI feature will only be available on the iPhone 15 Pro or devices with M1 chips and above, the firm believes that the innovation of Apple's AI feature is expected to shorten the replacement cycle, promoting demand for new products at this year's autumn conference.
CITIC Securities research report indicated that based on the demonstration of Apple's AI-related features at WWDC, the focus of Apple's on-device AI landing process is on integrating and calling information across apps, making the positioning of system-level personal assistants clearer, and successfully widening the gap with existing Android AI phones. With WWDC as the boundary, the curtain of Apple's innovative year is being opened, firmly bullish on Apple's software and hardware innovation cycle