Understanding the Market | Consumer Electronics Concept Stocks Rise Sharply, OpenAI May Be in Talks with Supply Chain Companies to Develop Hardware, Reports Suggest Apple Has Requested Increased Production of iPhone 17
The rise of consumer electronics concept stocks has expanded, with Lens Technology up 15.22%, FIT HON TENG up 14.6%, and AAC TECH up 10.34%. OpenAI is in talks with Apple supply chain companies to develop consumer-grade devices, which is expected to bring new growth momentum to Apple's supply chain. Apple has requested LUXSHARE-ICT to increase the daily production of iPhone 17 by about 40% and has notified some suppliers to increase their supply. Goldman Sachs expects Apple's iPhone revenue to grow by 8% in the fourth fiscal quarter
According to Zhitong Finance APP, the gains of consumer electronics concept stocks have expanded. As of the time of publication, Lens Technology (06613) rose by 15.22%, trading at HKD 32.1; FIT HON TENG (06088) rose by 14.6%, trading at HKD 6.75; AAC TECH (02018) rose by 10.34%, trading at HKD 49.5; GoerTek (01415) rose by 10.1%, trading at HKD 40.54; and Q Technology (01478) rose by 10.35%, trading at HKD 15.88.
On the news front, recently, OpenAI signed an agreement with LUXSHARE-ICT, the assembler of Apple devices, to jointly develop a consumer-grade device. Credit Lyonnais stated that channel news indicates OpenAI is also discussing component supply matters with Lens Technology and AAC TECH; considering that the core members of OpenAI's device team come from Apple, it is reasonable for them to choose to cooperate with companies in Apple's supply chain. This initiative is expected to bring new growth momentum to existing Apple supply chain companies.
In addition, reports indicate that after the pre-sale performance of the standard version of the iPhone 17 exceeded expectations, Apple has requested one of its major contractors, LUXSHARE-ICT, to increase the daily production of the standard version of the iPhone 17 by about 40%, and has notified some non-electronic component suppliers to increase their daily supply by about 30%. Goldman Sachs stated that strong pre-order demand signals support its expectation of an 8% growth in iPhone revenue for Apple's fourth fiscal quarter
