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July 16A sharesopening,appleConcept stocks surged, with Xinwanda (300207) and Hasen Co., Ltd. (603958) share prices hitting the daily limit, Innovation New Materials (600361) share price rising nearly 8%, Lantech Optics (688127) share price rising nearly 5%, and Dongshan Precision (002384) share price rising more than 4%.

At the close of U.S. stocks on Monday local time, Apple's stock price rose 1.7%, setting a new record high, with a market value approaching $3.6 trillion, ranking first in the world. Apple's stock price has risen nearly 20% this year.

Morgan Stanley predicts that Apple could sell nearly 500 million iPhones in the next two yearsiPhone, the agency previously predicted that iPhone sales would be around 230 million units per year.

Morgan Stanley also raised its price target for Apple shares and named Apple a "top pick," saying the company's series of artificial intelligence initiatives will boost iPhone device sales.

Apple's generative AI capabilitiesApple Intelligence is the driving force behind iPhone andiPadBut the new technology is currently only compatible with 8% of iPhone and iPad devices, while Apple has 1.3 billion units.smart phoneBeing used by customers.

According to the demonstration at Apple’s previous press conference, the AI ​​Intelligence function is only available on iPhone 15 Pro and above, and is expected to drive the demand for upgrading to new phones in the future.

According to data from research firm IDC, Apple sold 45.2 million smartphones worldwide in the three months ending June this year, up from 44.5 million in the same period last year, but its market share fell to 15.8% from 16.6% in the same period.

On Monday, Apple also released a preview of iOS 18, its new iPhone update software, which will be released alongside new iPhone models this fall.

However, Apple Intelligence did not release the test function. Apple said that users will try this feature later this summer. Apple Intelligence's functions include integrating ChatGPT and improving Apple's voice assistant Siri.

Market analysis predicts that the inventory of new iPhone 16 series mobile phones is expected to reach more than 95 million units.

The recent surge in Apple supply chain stock prices is also related to the sales expectations of the new iPhone. Previously, Tianfeng International Securities analyst Ming-Chi Kuo pointed out that the battery energy density of the iPhone 16 Pro Max will increase, and Xinwei Communication, as a major supplier, is expected to benefit. He predicted that if all new iPhones in 2025 adopt the new battery design, the contribution to Xinwei Communication's revenue and profit in 2025 will reach 200% to 250%.

Looking at the core Apple supply chain companies, battery-related companies include, in addition to Xinwei Communication, Lianying Laser, Zhuhai Guanyu, Xinwanda, Desay Battery, etc.

Apple is also rapidly expanding its manufacturing operations in India. Currently, Apple produces models including the latest iPhone 15 in India, but not the higher-spec iPhone 15 Pro and iPhone 15 Pro Max models. Data shows that Apple's assembly partners in India doubled iPhone production to $14 billion in the last fiscal year.

In addition, Apple's sales in India grew 33% to $8 billion in the fiscal year ending March this year.