今日热点导览 麦趣尔，被申请破产清算 银河系新发现一颗"潜在宜居"候选行星 白银基金，1月30日全天停牌 2026年春运全社会跨区域人员流动量预计将达95亿人次 好想来回应消费者质疑"称不准" ：新员工操作失误 TOP3大新闻 国铁集团回应"三方平台加价抢票" 1月29日，国铁集团客运部主任朱文忠在国新办新闻发布会上的公开声明："一些第三方平台以各种'抢 票神器'名目，诱导旅客加价抢票。铁路12306客户端是中国铁路唯一官方火车票网络售票渠道，没有与 任何第三方平台合作。"他同时强调，针对第三方平台高频访问对铁路12306系统安全稳定运行构成的严 重冲击，将进一步优化风控系统实行有效识别。 朱文忠直言，"买火车票历来是广大旅客关注的焦点。我们重点抓好四个方面售票组织工作"。一是关注 学生、务工人员及老年人等重点群体的购票需求；二是首次推出互联网误购限时免费退票的新举措；三 是持续优化和改进售票策略；四是确保12306系统平稳运行。（封面新闻） iPhone 16成去年全球最畅销智能手机 1月28日，市场调查机构Counter Point Research发布博文，公布了2025年全球最畅销智能手机榜单，苹果 ...

Core Viewpoint - Apple's stock has risen following CEO Tim Cook's comments during the earnings call, which addressed investor concerns regarding the company's ability to manage rising memory prices while maintaining strong gross margins [1] Earnings Results - Apple projects gross margins that exceed Wall Street's estimates, indicating effective management of increased memory costs [1] - The company is experiencing better-than-expected revenue growth despite a shortage of iPhones and other products [1] - A favorable mix of high-end hardware and services growth is helping to buffer against rising memory costs [1]

Group 1 - The core viewpoint of the article emphasizes that the China Railway Group has declared the 12306 platform as the only official ticket sales channel, stating that it has not partnered with any third-party platforms and will enhance its system to combat ticket scalping [2][3] - The China Railway Group's passenger department director, Zhu Wenzhong, highlighted the negative impact of third-party platforms on the stability of the 12306 system and announced plans to optimize the risk control system for effective identification [3] - The railway authority is focusing on four key areas for ticket sales organization: addressing the needs of students, workers, and the elderly; introducing a limited-time free refund policy for erroneous purchases; continuously improving ticket sales strategies; and ensuring the stable operation of the 12306 system [5] Group 2 - The article mentions that the 2026 Spring Festival travel period is expected to see a record 9.5 billion person-times of cross-regional movement, with self-driving travel being the main mode of transport, accounting for about 80% [6] - The article also notes that the total passenger volume for railways and civil aviation is projected to reach 540 million and 95 million respectively during the Spring Festival travel period, with both figures expected to exceed historical peaks [6]

Core Viewpoint - Apple reported strong first-quarter earnings and anticipates growth of 13% to 16% in the upcoming quarter, contingent on securing sufficient chip supply to meet iPhone demand [1][2]. Group 1: Earnings and Growth Projections - Apple expects total company revenue for the March quarter to grow by 13% to 16% year over year, factoring in constrained iPhone supply [2]. - The company predicts gross margins to be between 48% and 49% in the March quarter, which would be an increase compared to the December quarter [6]. Group 2: Supply Chain and Component Constraints - CEO Tim Cook highlighted that the main constraint on iPhone production is access to advanced node manufacturing for A-series and M-series chips, produced in collaboration with Taiwan Semiconductor Manufacturing Company [3][4]. - Cook acknowledged that while the current supply shortage is linked to advanced node chip manufacturing, rising memory prices will also impact the company, and Apple is exploring various options to address this issue [5]. Group 3: Strategic Investments and Chip Sourcing - Apple announced plans to invest over $600 billion in the U.S. over five years, with significant funding directed towards companies committed to domestic chip manufacturing, including TSMC [7]. - In 2025, Apple sourced 20 billion chips from the U.S., exceeding its previous target of 19 billion [7].

苹果首席执行官蒂姆·库克称，由于其最新iPhone系列产品的需求量惊人，苹果公司在结束最近一个财 季时库存非常紧张。"我们对最新iPhone系列产品的客户反响感到非常兴奋。可以说，这超出了我们的 预期，"库克在与分析师的电话会议上说。他说，现在该公司正在追赶供应以满足这一需求，而且鉴于 其SoC生产所用的先进节点供应受限，很难预测何时能赶上。他说："目前，我们看到供应链的灵活性 不如往常，部分原因在于我们的需求增加了。" 责任编辑：王永生 苹果首席执行官蒂姆·库克称，由于其最新iPhone系列产品的需求量惊人，苹果公司在结束最近一个财 季时库存非常紧张。"我们对最新iPhone系列产品的客户反响感到非常兴奋。可以说，这超出了我们的 预期，"库克在与分析师的电话会议上说。他说，现在该公司正在追赶供应以满足这一需求，而且鉴于 其SoC生产所用的先进节点供应受限，很难预测何时能赶上。他说："目前，我们看到供应链的灵活性 不如往常，部分原因在于我们的需求增加了。" 责任编辑：王永生 ...

Group 1 - The State Council issued a work plan to optimize and expand service supply, aiming to enhance service consumption and support high-quality economic development [2] - The work plan focuses on key areas such as transportation services, housekeeping services, and inbound consumption, emphasizing innovation and talent development [2] - The commercial aerospace industry is being prioritized, with plans to develop new fields like space resource development and space tourism during the 14th Five-Year Plan [3] Group 2 - Shanghai aims to become a national hub for the commercial aerospace industry, targeting an industry scale of approximately 100 billion yuan by 2027 [4] - The Beijing humanoid robot innovation center has launched a testing platform, capable of producing 5,000 humanoid robots annually [4] - The Kunshan AI industry fund has been established with a total scale of 5 billion yuan, focusing on AI core hardware and infrastructure [5] Group 3 - The market is experiencing mixed performance, with major U.S. indices showing slight fluctuations [6] - Microsoft shares dropped 10%, marking the largest single-day decline since March 2020, due to concerns over high AI capital expenditures [8] - Gold prices reached a record high of $5,594.82 per ounce before settling at $5,389.19, with a monthly increase of approximately 24% [9]

Group 1 - The core viewpoint of the article highlights Apple's record financial performance for Q1 of FY2026, with revenue reaching $143.8 billion, a 16% year-over-year increase, and diluted earnings per share of $2.84, up 19% [1] - CEO Tim Cook noted that iPhone sales achieved the best quarter ever, driven by unprecedented demand, with all regional markets setting historical highs [1] - iPhone revenue was $85.27 billion, a 23% increase year-over-year, while service revenue reached $30.01 billion, up 14%, both marking record levels [1] Group 2 - Apple's gross margin for the quarter was 48.2%, an increase from 46.9% in the same period last year, with product gross margin at 40.7% and service gross margin at 76.5% [2] - The company generated approximately $53.9 billion in operating cash flow and returned nearly $32 billion to shareholders through stock buybacks and cash dividends [2] - The board announced a cash dividend of $0.26 per share, payable on February 12, 2026, to shareholders of record as of February 9, 2026 [2]

Core Insights - Apple reported record revenue of $85.3 billion for iPhone sales, significantly surpassing analyst expectations of $78.3 billion, and up from $69.1 billion in the previous quarter [1][2] - Earnings per share (EPS) reached $2.84 on revenue of $143.8 billion, exceeding analyst forecasts of $2.68 on $138.4 billion [2] - Greater China sales rebounded with revenue of $25.5 billion, marking a nearly 38% year-over-year increase, reversing previous declines [3][29] Financial Performance - iPhone revenue was a major contributor, with the company achieving $85 billion compared to the expected $78 billion, indicating strong demand for the iPhone 17 cycle [5][18] - Services revenue met expectations, while Mac and iPad revenues were reported at $8.4 billion and $8.6 billion respectively, and wearables generated $11.4 billion [2] - Gross margins were reported to be significantly higher than anticipated, contributing positively to the overall financial outlook [19][23] Market Dynamics - The resurgence in sales from Greater China is notable, as Apple had previously experienced declines in that market [3][30] - The competitive landscape in China is evolving, with decreasing prices from competitors, yet Apple continues to maintain strong brand loyalty among consumers [31] - The company is navigating a delicate balance in its dependence on the Chinese market for both sales and manufacturing [30] Product Insights - The new iPhone models, particularly the iPhone 17 and 17 Pro, have generated consumer interest due to improved features such as camera quality and battery life [9][10] - There is speculation regarding the sales performance of the iPhone Air, with indications that consumers are favoring the Pro and standard models [4] - The integration of Google's AI technology into Apple's Siri is anticipated to enhance user experience, although the current performance of Siri is viewed as lacking [20][22] Future Considerations - Analysts are keenly awaiting guidance from Apple regarding future pricing strategies and potential impacts of rising memory costs on margins [24][27] - The introduction of a foldable phone could influence future sales dynamics, with questions surrounding consumer willingness to pay premium prices [28] - The collaboration with Google on AI initiatives is seen as a critical step for Apple to remain competitive in the evolving tech landscape [21][22]

智通财经APP获悉，美东时间周四美股盘后，苹果(AAPL.US)发布了2026财年第一季度财报。在iPhone 17系列的强劲拉动下，公司假日季营收创下历史新 高，大中华区市场实现38%的同比暴涨，同时苹果还给出了超预期的第二财季营收指引，一扫此前市场对其硬件增长见顶的担忧。 业绩概览：iPhone需求"火爆"，驱动创纪录增长 作为苹果的核心营收支柱，iPhone业务在本季度迎来爆发式增长，营收达853亿美元，同比大增23%，远超分析师782亿美元的预期，创下历史最佳季度表 现。苹果CEO库克表示，iPhone17系列的市场需求"堪称火爆"，在全球所有地理区域均创下销量纪录，其中高端版本尤为畅销，成为拉动营收和利润的关 键。这一成绩也助力苹果在近几个月超越三星(SSNLF.US)，重新夺回全球智能手机市场销量第一的宝座。库克透露，目前苹果全生态设备的安装基数已达 25亿台。 大中华区成为本次财报的最大亮点，该区域营收达255亿美元，同比增长38%，大幅超出市场218亿美元的预期。库克指出，iPhone在该地区创下了销售纪 录，并且推动安卓用户向苹果生态的转换数实现两位数增长。 此外，苹果虽未披露印度市场的具体 ...

One of my concerns with Apple Inc. ( AAPL ), which led me to give it a Sell rating recently, was its lack of innovation, which in turn impacted top-line growth and my expectations for valuation. ForEquity Research Analyst with a broad career in the financial market, covered both Brazilian and global stocks. As a value investor, my analysis is primarily fundamental, focusing on identifying undervalued stocks with growth potential. Feel free to reach out for collaborations or to connect!Analyst’s Disclosure: ...