Market Insight | Apple concept stocks perform poorly, SUNNY OPTICAL drops by 3%, Guo Mingchi predicts no significant change in iPhone 16 orders
Concept stocks related to Apple performed poorly, with SUNNY OPTICAL falling by 3.12% to HKD 48.1, and TONGDA GROUP falling by 2.35% to HKD 0.083. According to the latest article by renowned analyst Ming-Chi Kuo, orders for the iPhone 16 may not have increased, as supplier financial conference calls suggest that the order quantity has not changed significantly. Some suppliers have seen an increase in orders for the second half of 2024, but the overall order quantity is still lower than the second half of last year
According to the information from Zhitong Finance and Economics APP, the performance of Apple concept stocks is weak. As of the time of publication, SUNNY OPTICAL (02382) fell by 3.12% to HKD 48.1; TONGDA GROUP (00698) fell by 2.35% to HKD 0.083; BYD Electronics (00285) fell by 2.03% to HKD 33.75; Q Technology (01478) fell by 1.62% to HKD 4.87.
On the news front, well-known analyst Ming-Chi Kuo recently stated that despite rumors of increased iPhone 16 orders after the Apple Worldwide Developers Conference, recent financial conference calls from two major Apple suppliers (TSMC and Largan Precision) suggest that iPhone 16 orders may not have increased. TSMC stated that they have not seen a sudden increase in sales, while Largan Precision stated that orders for high-end models this year are similar to last year.
Kuo mentioned that some suppliers have seen an increase in iPhone 16 orders for the second half of 2024, but from the perspective of EMS/assembly, the number of iPhone 16 orders has not changed significantly (about 87 million units), still slightly lower than the number of iPhone 15 orders in the second half of last year (about 91 million units). As for the increase in iPhone 16 orders for certain suppliers, it may be related to specific reasons within individual industries or components