Changes in Hong Kong stocks | BYD Electronics (00285) rose more than 5%, leading the mobile phone industry chain, Android phone shipments are expected to recover further in the fourth quarter

The Zhitong Finance App learned that the mobile phone industry chain rose collectively. As of press release, BYD Electronics (00285) rose 5.85% to HK$33.5; Ruisheng Technology (02018) rose 4.03% to HK$32.25; Qiu Ti Technology (01478) rose 3.04% to HK$4.74; and Fuzhikang Group (02038) rose 2.25% to HK$0.91.

According to the news, IDC data shows that in the third quarter of 2024, global smartphone market shipments reached 316.1 million units, up 4.0% year on year, and has been growing for five consecutive quarters. According to previous estimates, global shipments will increase 5.8% year-on-year to 1.23 billion units in 2024. Generative AI smartphones will grow by 344%, accounting for 18% of the overall market.

Debon Securities pointed out that in the fourth quarter, consumer electronics ushered in the traditional peak season. With the release of MediaTek Tianji 9400 and Qualcomm's latest flagship SoC, Android phones such as Xiaomi, Honor, OPPO, and vivo will be intensively releasing new flagship phones. The InfinixAI personal assistant will continue to improve the user experience. Huawei is also expected to update the Mate and Nova series product lines one after another. The native Hongmeng system is open for public beta. Android manufacturers' system-level AI layout and hardware function innovation are expected to continue to increase users' desire to switch devices, combined with the Double Eleven promotion, and Android phone shipments are expected to recover further in the fourth quarter.