Absence of new Apple models drags down its concept stocks in Taiwan
Taiwan News, Staff Writer
2014-06-03 02:14 PM
The center of public attention at the 2014 Worldwide Developers Conference (WWDC), Apple focuses on software and service releases and did not introduce new hardware as expected. Related Taiwan concept stocks bowed to sales pressure on profit taking and moved lower.

Apple did not announce new Mac models or the iPhone 6 at WWDC 2014 as expected but, instead focuses on the R & D of software and services. Related concept stocks including Pegatron (4938), Zhen Ding (4958), Simplo (6121), Dynapack (3211), Genius (3406), and Cheng Uei (2392) all moved lower Tuesday on profit taking after recent gains.

Institutional investors stated, Apple’s announcement of software and app services not only foreshadows the arrival of wearable devices, it also signals tighter hardware and cloud integration. This highlights the coming trend of internet, smart home, and wearable device integration and related concept stocks in the next wave of emerging industries.

Memory design companies Elite Semiconductor (3006) and Supreme Electronics (8112), transmission connector manufacturers Speed Tech (5457) and UDE (3689), and RF company eMemory Technology (3529) all showed considerable strength in Tuesday trading.

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