Core Insights - Apple stock rose 3.94% to $262.24, reaching a historic high and a market capitalization of $3.89 trillion, making it the second-highest valued company in the U.S. after Nvidia [3] Stock Performance - On October 21, Apple-related stocks in A-shares and Hong Kong surged, with notable gains including a strong limit-up for Huanxu Electronics and significant increases for Luxshare Precision and others [2] - Huanxu Electronics opened at 19.87, peaked at 21.29, and closed with a trading volume of 28.61 million, amounting to 5.97 billion [4] Sales Performance - The sales data for the iPhone 17 series exceeded expectations, with a 14% increase in sales during the first ten days compared to the iPhone 16, and nearly doubling in the Chinese market [5][6] - The iPhone Air, Apple's first commercial eSIM model, achieved over 100 million yuan in sales within one second during its pre-sale [6] Market Outlook - Analysts remain optimistic about the new iPhone series, with a report from Loop Capital upgrading its rating from "hold" to "buy" and raising the target price to $315, indicating a potential 20% upside [9] - Despite the strong sales, some analysts express concerns about the sustainability of Apple's high valuation, with 20 out of 33 analysts rating it as a buy [9]

Core Viewpoint - Apple's stock price rose by 3.94% to $262.24, reaching a historical high and increasing its market capitalization to $3.89 trillion, making it the second-highest valued company in the U.S. after Nvidia [1]. Group 1: Stock Performance - Following Apple's stock surge, A-shares and Hong Kong-listed Apple concept stocks experienced a collective rally, with notable gains in companies like Huanxu Electronics and Luxshare Precision [3]. - Huanxu Electronics hit the daily limit up, while Luxshare Precision approached the limit, and other stocks like Fuliwang and Tonglian Precision saw gains exceeding 10% [3]. Group 2: Sales Performance - The increase in Apple and its supply chain stock prices is attributed to the strong sales data of the iPhone 17 series, which saw a 14% increase in sales compared to the iPhone 16 during the first ten days of launch in China and the U.S., with standard version sales nearly doubling in China [5][6]. - The iPhone Air, Apple's first commercial eSIM model, achieved over 100 million yuan in sales within one second during its pre-order phase [6]. Group 3: Market Outlook - Many institutions maintain an optimistic outlook on Apple's new series, with招商证券 highlighting that iPhone sales trends exceed market expectations and suggesting to capitalize on undervalued supply chain stocks [9]. - Loop Capital upgraded its rating on Apple from "hold" to "buy," raising the target price to $315, indicating a potential upside of about 20% from the previous closing price [9]. - Despite the strong sales, some analysts express skepticism about the sustainability of Apple's high valuation, with 20 out of 33 analysts giving a buy rating, indicating a 60% buy recommendation ratio [9].