Market Insight | Apple concept stocks surge, Gao Wei Electronics up over 4% as Apple sells over 1.5 billion in the first hour
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Concept stocks related to Apple rose across the board in the morning session, with GoerTek Electronics up 4.39% at HKD 21.4; Sunny Optical Technology up 2.86% at HKD 44.95; BYD Electronic up 2.54% at HKD 34.3. Tmall's 618 promotion kicked off, with Apple's transaction amount exceeding 1.5 billion yuan. iPhone sales declined, prompting a boost in sales through price reductions. Apple urgently needs comprehensive upgrades and innovations in both software and hardware to attract consumers
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