Hong Kong Stock Market Review: Collective Counterattack
Apple's new high drives consumer electronics collective counterattack, Morgan Stanley expects the iPhone 16 series stocking target to be around 85-90 million units, with market expectations for at least 20-30 million units of incremental growth next year driven by the new iPhone and iPhone SE. Apple Intelligence may face obstacles, but higher-than-expected sales in North America will trigger a wave of upgrades. Hon Hai's stock price is rising, and Apple is poised for a large-scale upgrade wave at any time. BYD ELECTRONIC is a target in the supply chain, while also covering the two major tracks of smartphones and new energy vehicles, with servers expected to become a new growth driver
Boosted by Apple's new high, consumer electronics are launching a collective counterattack.
Previously, Morgan Stanley had indicated that the stocking target for the iPhone 16 series is about 85-90 million units, representing a growth of about 2-8% compared to the iPhone 15 in the same period last year. Overall, the market expects an increase of at least 20-30 million units next year, reaching over 240 million units, which is quite a substantial growth.
However, it is worth noting that the driving factor lies in the emergence of Apple Intelligence. Apart from believing that it can be smoothly implemented in North America, Apple may face obstacles in other regions. Currently, there are issues in China where ChatGPT cannot be used, and there may be similar antitrust obstacles in Europe in the future.
Of course, the market is forward-looking. If the first-month sales in North America exceed expectations, it will prove that consumers are willing to pay for AI features. The possibility of a wave of upgrades will increase, as seen in the rising stock price of the Taiwanese company Hon Hai since March. With only 140 million units supporting AI currently, Apple may soon experience an unprecedented large-scale upgrade wave, especially with hardware upgrades in the future.
In terms of the supply chain, BYD ELECTRONIC remains a favored stock in the Hong Kong market, with a dual focus on smartphones and new energy vehicles. Servers are also expected to become a new growth driver