Apple supplier stocks underperformed. As of the time of writing, Sunny Optical (02382) fell 3.12% to HKD 48.1, while Tongda Group (00698) fell 2.35% to HKD 0.083.
According to the Smart Finance app, stocks related to Apple's performance are poor. As of the time of writing, Sunny Optical (02382) fell 3.12% to HKD 48.1, while Tongda Group (00698) fell 2.35% to HKD 0.083. BYD Electronic (00285) fell 2.03% to HKD 33.75, while Q-Tech (01478) fell 1.62% to HKD 4.87.
On the news front, renowned analyst Ming-Chi Kuo's latest post stated that despite rumors of increased iPhone 16 orders after the global Apple Developer Conference, recent financial calls from Apple's two main suppliers (Taiwan Semiconductor and Largan Precision) suggest that iPhone 16 orders may not have increased. Taiwan Semiconductor stated that we have not seen sudden sales growth, while Largan Precision stated that this year's high-end model orders are similar to last year's.
Kuo said that some suppliers have seen an increase in iPhone 16 orders in the second half of 2024, but from the perspective of EMS/assembly, the number of iPhone 16 orders has not changed much (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 from some suppliers, it may be related to specific reasons within certain industries or components.