According to Zhitong Finance APP, Apple concept stocks fell sharply, with Q TECH (01478) down 8.56% to HKD 12.93; FIT HON TENG (06088) down 6.53% to HKD 5.3; FIH (02038) down 4.54% to HKD 17.87; BYD ELECTRONIC (00285) down 0.94% to HKD 35.7.
On the news front, on November 2, renowned tech journalist Mark Gurman revealed that Apple's AI feature &#34;Apple Intelligence,&#34; originally planned for launch in the Chinese market by mid-2025, has yet to materialize, and the release date has been postponed again. Gurman pointed out that the overall R&amp;D process for Apple Intelligence is facing technical challenges, including engineering issues and poor model performance, and deployment in China is even more complex. According to Gurman, Apple had planned to advance the project through localized partnerships, but no substantial progress has been made so far.
It is noteworthy that in Apple's third-quarter financial report, sales in the Greater China region fell 3.6% year-on-year, failing to accelerate to 9.3% as analysts had expected, compared to over 4% growth in the second quarter. The performance in the third quarter indicates that after a brief rebound in the second quarter, sales in the Greater China region have returned to the downward trend seen in the previous two years. Additionally, market research firm IDC reported that in the third quarter, total smartphone shipments in the Chinese market were approximately 68.4 million units, a year-on-year decline of 0.6%, continuing the downward trend

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Apple concept stocks generally fell, Q TECH dropped 8.56%, FIT HON TENG fell 6.53%, FIH fell 4.54%, BYD ELECTRONIC fell 0.94%. The launch of Apple's AI feature "Apple Intelligence" in the Chinese market has been postponed again, facing technical bottlenecks in research and development, and sales in the Greater China region decreased by 3.6% year-on-year. Market research shows that smartphone shipments in China fell by 0.6% year-on-year in the third quarter

- Apple-related stocks have seen significant declines, with Q Technology down 8.56% and BYD Electronics down 0.94%.  
- On November 2, tech journalist Mark Gurman reported that Apple's AI feature "Apple Intelligence," initially set for a mid-2025 launch in China, has faced delays due to technical challenges.  
- Additionally, Apple's Q3 sales in Greater China fell 3.6% year-over-year, reversing a brief rebound, while overall smartphone shipments in China decreased by 0.6% in the same period.

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Understanding the Market | Apple concept stocks lead the decline, Apple's AI entry into China plan postponed again, reports say the R&D process faces technical bottlenecks