Reported 7 months ago
On June 12, 2024, Apple's stock price soared, pushing up by 7.2% to $207.15 by the closing bell, leading to a surge in Apple concept stocks of Taiwanese companies like Largan Precision (3008) and Genesys Logic (3406) hitting the trading limit. Genesys Logic saw a 110.9% annual revenue increase in May, with expectations of returning to peak season operation as they start mass production of new products in the third quarter. Largan Precision also experienced a 33% annual revenue increase in May, with strong performances anticipated due to Apple's announcement of AI integration into their operating systems iOS 18, iPadOS 18, and macOS Sequoia.
Source: YAHOO