Market Insight | AAC TECH Surges Over 4% at the Close, Company Benefits from Marginal Recovery in Smartphone Shipments, Market Expects Apple to Eliminate Physical Buttons
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AAC TECH surged more than 4% in the closing session, benefiting from the rebound in smartphone shipments and Apple's elimination of physical buttons. The market expects a growth in smartphone shipments for the full year of 2024, benefiting the company's acoustic product suppliers. The company's outlook is positive, with expected revenue growth and improved gross profit margin. It is anticipated that the company will achieve profit growth in the first half of 2024
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