The Point for Asia Pacific

研报英文原文证据摘录

The Point for Asia Pacific

Point |

Tuesday, 14 July 2026

Top Call | Country Top Calls

Top Call

Apple, Inc. (AAPL.O) - Preview – Investor Focus on Impact From Recent Price

Increases, Apple Intelligence Roll Out and Upcoming iPhone Launch

We remain constructive on Apple shares and expect the company to continue

gaining market share despite a slowing devices end market. We believe Apple’s

ability to implement selective price increases will help offset margin pressures,

while its premium brand and loyal customer base should limit demand weakness.

Although Apple Intelligence is unlikely to drive a significant upgrade cycle in the

near term, enhanced Siri AI capabilities should increase user engagement and

support long-term growth in high-margin services revenue. Looking ahead, the

September iPhone launch represents an important catalyst that could further

strengthen investor sentiment. Reflecting our improved outlook, we are raising our

price target to $365 as we incorporate stronger margin expectations and roll our

financial estimates forward. Maintain Buy

Asiya Merchant, CFA | Atif Malik

Taiwan Electronics & Semiconductors - Taiwan Monthly Tracker and What’s

New in AI – AI and Data Center Supply Chain Continues Seeing Strong

Momentum

Based on Taiwan technology sector’s reported June sales, we see sustained

AI/data center/networking supply’s strong momentum, delivering upbeat 2Q26

revenue. Among our coverage, CCL/ABF and testing interface are showing the

strongest QoQ and YoY growth thanks to new AI chip upgrade cycle and strong

demand across GPU, CPU and ASIC. We also see server ODMs’ June sales/2Q

revenue tracking ahead of market expectations, thanks to solid GB rack shipments

and CPU servers. In the upcoming earnings season, we expect companies to