Understanding the Market | Apple concept stocks expanded their gains in the afternoon as iPhone sales remain strong; reports suggest Apple has notified its supply chain to increase production capacity
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Apple concept stocks saw an expanded increase in the afternoon, with Q TECH rising 7.11%, SUNNY OPTICAL rising 4.61%, FIT HON TENG rising 4.2%, and AAC TECH rising 2.56%. Since the iPhone 17 series went on sale on September 19, sales have continued to surge, and Apple has notified suppliers to increase daily production by at least 30%. Analysts pointed out that global demand for the iPhone 17 has increased by 10%-15% compared to last year, driving Apple into a new growth cycle. At the same time, OpenAI has reached a cooperation with Apple supply chain companies, which is expected to bring new growth momentum to related enterprises
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