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Around 9 am, a man dressed in blue and holding a bouquet approached Ho as a supporter. He fished out a knife from his bag while pretending to look for his cell phone after he had asked Ho to pose for a photo with him. The assailant was subdued at the scene and subsequently arrested by police.

Arun Sundararajan, a professor at New York University and author of "The Sharing Economy," observed at the seminar that this new crowd-based capitalism is thriving all over the world, facilitating an asset-light consumption mode in almost all aspects of life.

Apple CEO Tim Cook (R) plays with an iPhone as Jonathan Ive, Apple's Chief Design Officer, looks on during a launch event in Cupertino, California, US, Sept 12, 2017. [Photo/Agencies]

Apple forecast a gross margin of 38 percent to 38.5 percent, higher than many analysts expected because new products often have higher costs.

Apple wants users to upgrade to newer, more expensive devices as a way to boost revenue as global demand for smartphones levels off. The strategy has helped Apple become the first publicly-traded US company to hit a market value of more than trillion earlier this year.