Market Insight | Cowell Electronic falls more than 6%, leading the decline in Apple concept stocks. Apple's stock fell nearly 2% after the product launch event, with shipments in the second half of the year expected to be lower than the same period last year
COWELL leads the decline in Apple concept stocks, with the stock price falling by nearly 2% after the Apple conference. It is expected that COWELL's shipments in the second half of the year may be lower than the same period last year. Apple announced a collaboration with OpenAI to integrate their ChatGPT, providing more intelligent features. Renowned Apple product analyst Ming-Chi Kuo believes that Apple will no longer be seen as a laggard in the AI industry, but predicts that the shipment volume of iPhone 16 in the second half of 2024 may be slightly lower than that of iPhone 15 in 2023
According to the Zhitong Finance and Economics APP, Apple concept stocks fell across the board in the morning session. As of the time of publication, Cowell Electronics (01415) fell by 5.67% to HKD 19.48; BYD Electronics (00285) fell by 2.46% to HKD 3.41; Sunny Optical Technology (02382) fell by 1.26% to HKD 46.95; and Q Technology (01478) fell by 1.11% to HKD 3.56.
On the news front, Apple held its 2024 Global Developers Conference. During the event, Apple announced that Apple iOS 18 will bring Apple Intelligence, a personal intelligent system for iPhone, iPad, and Mac, based on generative models that adapt to personal scenarios, providing practical and targeted intelligent functions based on user scenarios. Apple also announced a collaboration with OpenAI to integrate ChatGPT across various Apple platforms such as Siri and writing tools. After the event, Apple's stock price fell by nearly 2% to USD 193.12 per share.
Renowned Apple product analyst Ming-Chi Kuo believes that after the Apple Global Developers Conference, Apple will no longer be seen as a laggard in the AI industry. However, Kuo's research indicates that the shipment volume of the iPhone 16 in the second half of 2024 may be slightly lower than the level of the iPhone 15 in the same period of 2023