Understanding the Market | Apple Concept Stocks Plunge Across the Board, Apple's Global Supply Chain Directly Impacted by Tariffs, Consumer Electronics Industry May Face Pressure

Apple concept stocks plummeted across the board. As of the time of publication, COWELL fell 10.07% to HKD 27.25; SUNNY OPTICAL dropped 7.1% to HKD 69.3; Q TECH decreased by 6.49% to HKD 7.2; BYD ELECTRONIC declined 5.29% to HKD 38.5. On the news front, U.S. President Trump announced reciprocal tariff measures against trade partners at the White House. Apple's stock price briefly plummeted 7.5% in after-hours trading. Analysts indicated that Apple will inevitably face a more profound "fundamental performance impact" due to the need to source core components required for producing iPhones and other consumer electronics from multiple regions similarly affected by the reciprocal tariff policy. Aijian Securities pointed out that the consumer electronics sector is most visibly impacted by tariffs. According to data from the United Nations trade database, Chinese customs, and the U.S. International Trade Commission, 40% of U.S. imports come from China. Among these, China's exports of consumer electronics to the U.S. reached USD 96 billion. The U.S. government's increase in tariffs may have the most significant impact on the consumer electronics industry