然而，伴随着AI泡沫担忧升温，近期美股科技板块遭到大幅抛售，投资者愈发担心科技巨头巨大的AI资本支出能否在未来带来相应的回报。 近日的抛售重创了Meta等大型科技公司，但有两家美股"七巨头"公司股价却逆势上涨，在科技股抛售潮中展现出极强的韧性。 这两家公司分别是谷歌母公司Alphabet和苹果，显示他们的AI战略正在收获市场认可。 Alphabet和苹果或笑到最后 当AI热潮方兴未艾时，科技行业皆大欢喜。但如果AI热潮开始消退，情况又会如何？现在投资者必须要思考的是：假如AI热潮降温，哪些公 司能"笑到最后"？ 以科技股为主的纳斯达克综合指数自11月初以来已下跌6.1%。三季度财报季后，市场对AI过度支出的担忧全面爆发，即便英伟达上周三发 布了强劲的财报，也未能遏制抛售潮。 Alphabet和苹果躲过了此次调整中最惨烈的下跌。它们是美股"科技七巨头" 中仅有的过去三周股价仍实现上涨的公司，截至上周五收盘， 本月以来分别上涨6.6%和0.4%。 这一迹象表明，若AI泡沫破裂，Alphabet和苹果不仅有能力挺过危机，甚至可能实现逆势增长。 这两家公司近期表现出众的原因各不相同。 谷歌的人工智能产品Gemini热 ...

Investment Rating - The report maintains a "Weaker than Market" investment rating for the U.S. stock market [4] Core Views - The report indicates that most industries are under pressure, but earnings forecasts are improving [4] - The S&P 500 index experienced a decline of 1.9%, while the Nasdaq fell by 2.7% [1] - There is a notable divergence in performance among sectors, with media and entertainment, pharmaceuticals, and consumer goods showing positive trends, while software and services, semiconductors, and retail sectors faced significant declines [1][2] Summary by Sections 2.1 Investment Returns - The energy sector saw a decline of 3.1% this week, while the healthcare sector increased by 1.9% [14] - The media and entertainment sector outperformed with a return of 3.7% [14] - The overall performance of the S&P 500 components was down by 1.7% [14] 2.2 Fund Flows - The estimated net fund flow for the S&P 500 was -15.403 billion USD this week, indicating significant outflows [16] - The media and entertainment sector had a net inflow of 0.896 billion USD, while the semiconductor sector faced a substantial outflow of -7.798 billion USD [16][2] 2.3 Earnings Forecasts - The earnings per share (EPS) forecast for the S&P 500 components was adjusted upward by 0.9% this week, following a 0.3% increase the previous week [3] - The semiconductor sector saw a notable EPS increase of 6.2%, while the retail sector's forecast was downgraded by 0.4% [3][17] 2.4 Valuation Levels - The report does not provide specific valuation levels but indicates a general trend of improving earnings forecasts across various sectors [19]

2025年11月下旬，韩媒披露苹果已将原计划分配给京东方的1000万块iPhone 17 Pro国行版OLED面板订 单转交给三星显示，引发行业广泛关注。对此，京东方在投资者互动平台明确回应相关报道基于不实信 息，强调与全球合作伙伴的业务项目均按计划有序推进，双方合作保持稳定互信。 订单变动传闻引发行业热议 目前，苹果iPhone OLED面板主要依赖三星显示和LG Display，其中三星显示占据主导地位。苹果近年 来一直推动供应链多元化，扶持京东方等中国厂商，此次传闻若属实，将意味着其多元化策略在高端 LTPO技术领域暂时遇阻。 对于京东方而言，LTPO OLED面板的技术突破是进入苹果高端供应链的关键。尽管此次传闻引发市场 关注，但企业在回应中传递出持续推进技术研发与客户合作的信号。行业分析认为，随着国内面板厂商 在核心技术领域的不断攻坚，全球高端显示供应链格局有望逐步重塑，而技术实力与产品稳定性仍将是 竞争的核心要素。 截至发稿，苹果与三星显示尚未就此次订单传闻作出官方回应，事件后续进展有待进一步观察。 报道指出，LTPO技术作为实现120Hz自适应刷新率、息屏显示等功能的关键，对响应速度、稳定性等 ...

苹果将推出多款廉价产品 @快科技：苹果将在2026年第一季度推出多款廉价产品，其中包括搭载A18 Pro的MacBook、入门版iPad，此外还有iPhone 17系列的最后一款 机型——iPhone 17e。 苹果计划于2026年第一季度发布首款低价MacBook，进一步下沉入门级笔记本市场。 该机最大的亮点是首次在Mac系列采用iPhone芯片——A18 Pro（2024年iPhone 16 Pro同款），台积电第二代3nm工艺，集成6核CPU、6核 GPU、16核神经引擎，支持Apple Intelligence。 值得注意的是，自2026年开始，苹果将彻底改变以往的产品节奏，9月份不会发布iPhone 18标准版，而是推迟到下一年初与"e"后缀机型同时 发布。 也就是，2026年下半年将发布iPhone 18 Pro Max、iPhone 18 Pro和iPhone 18 Air，此外还有苹果首款折叠屏iPhone。 2027年将发布iPhone 18和iPhone 18e机型，此后，iPhone标准版+e机型将常年维持在上半年发布。 鸭鸭说：谁能想到有一天苹果越来越便宜…… 何小鹏参观小米展台 @新 ...

互传 。 这意味着 iPhone、iPad 和 Mac 用户，现可直接向最新的谷歌 Pixel 10、Pixel 10 Pro、Pixel 10 Pro XL 以及 Pixel 10 Fold 等安卓设备发送文件，打破了长期以来困扰用户的生态壁垒。 IT之家援引博文介绍，要实现这一跨平台传输，用户需进行简单的设置。苹果设备用户在接收来自 Pixel 10 等设备的文件前，必须将"隔空投送"的可见性选项更改为"对所有人开放（10 分钟）"。 完成设置后，接收安卓文件的通知样式及确认操作，将与接收来自其他苹果设备的"隔空投送"文件 完全一致。同样，Pixel 10 用户接收文件时，也需开启相应的"对所有人开放"或进入"接收模式"。 所有接收的文件将自动保存在安卓系统的"文件"应用中。 科技媒体 Appleinsider 11 月 20 日发布博文，报道称谷歌"快速分享"（Quick Share）功能现已 与苹果"隔空投送"（AirDrop）实现跨平台互通， 首次实现了两大主流移动操作系统间的原生文件 谷歌方面强调，此次功能互通在设计上采用了多层安全防护机制，以确保跨平台分享的安全性。整 个传输过程充分保障用户隐私 ...

公众号记得加星标⭐️，第一时间看推送不会错过。 来 源 ： 内容来自 techradar。 苹果的定制芯片自 2020 年推出其首款 M1 处理器以来发展迅速。M1 是苹果脱离英特尔并专注 于 CPU 效率的第一款芯片。 随着 2021 年 M1 Pro 和 M1 Max 的问世，力量平衡开始发生转变，图形处理器 (GPU) 消耗了 芯片总功耗中更大的份额。 M2 世代大体遵循了这一趋势，但 M3 Max 提高了 CPU 时钟频率和功耗限制，在移动系统中 为 CPU 分配了更多预算，之后平衡又倾向于 GPU 和内存。 当 M4 Max 于 2024 年问世，首次为 Mac 带来 Thunderbolt 5 时，CPU 不再是主要的散热余 量消耗者。 （图片来源：苹果公司） 早期的 M1 设计将其功耗预算中约 18W 到 25W 专用于 CPU。其余部分分配给了图形处理和 内存带宽。 M1 Max 的总功耗约为 115W，但其 CPU 核心仅消耗了 25W。估计 M4 Max 的 CPU 在大约 70W 的芯片总功耗中消耗了约 48W，苹果将大量的功率分配给了图形处理和内存带宽。 最新推出的 M5 世代已于一周 ...

Apple's latest piece of cloth sure got people upset with how much it costs. But this is not the first time Apple has put some eyepopping price tags on its products. The number one most expensive machine Apple sells now is the Mac Studio M3 Ultra.Fully decked out, the price comes to an eyewatering $14,099. and to think you still don't have a monitor to see anything, so you still need a display. Of course, not all of us are maxing out on these machines, but some of Apple's upgrades can make you roll your eyes ...

以科技股为主的纳斯达克综合指数自11月初以来已下跌6.1%。三季度财报季后，市场对AI过度支出的 担忧全面爆发，即便英伟达上周三发布了强劲的财报，也未能遏制抛售潮。 Alphabet和苹果躲过了此次调整中最惨烈的下跌。它们是美股"科技七巨头" 中仅有的过去三周股价仍实 现上涨的公司，截至上周五收盘，本月以来分别上涨6.6%和0.4%。这一迹象表明，若AI泡沫破裂， Alphabet和苹果不仅有能力挺过危机，甚至可能实现逆势增长。 眼下，以美股"科技七巨头"为首的大型科技公司正在进行一场激烈的AI军备竞赛，掀起了一股空前的资 本支出热潮，大举建设AI基础设施，以抢占产业革命先机。 然而，伴随着AI泡沫担忧升温，近期美股科技板块遭到大幅抛售，投资者愈发担心科技巨头巨大的AI 资本支出能否在未来带来相应的回报。 近日的抛售重创了Meta等大型科技公司，但有两家美股"七巨头"公司股价却逆势上涨，在科技股抛售潮 中展现出极强的韧性。 这两家公司分别是谷歌母公司Alphabet和苹果，显示他们的AI战略正在收获市场认可。 Alphabet和苹果或笑到最后 当AI热潮方兴未艾时，科技行业皆大欢喜。但如果AI热潮开始消退，情 ...

Group 1 - Google denies using user emails to train AI models, clarifying that there have been no changes to their policies regarding Gmail content and AI training [2] - Ant Group's new AI assistant "Lingguang" achieved over 1 million downloads within 4 days, surpassing the download speed of major global AI applications like ChatGPT and Sora2 [2] - A survey by Bitkom reveals that young users prefer using AI for information searches over traditional search engines, with 50% of respondents occasionally using AI for searches [2] Group 2 - Apple's latest research indicates that large language models (LLMs) can accurately identify user activities based on textual descriptions of audio and motion data, potentially applicable to Apple Watch [2]

Core Insights - Apple India's total expenses increased by over 18% to INR 75,190 Cr in FY25 from INR 63,397 Cr in the previous fiscal year [1][7] - The sale of traded goods, including iPhones and iPads, contributed INR 74,680.5 Cr to its revenue in FY25, while service sales added another INR 4,380 Cr [1][3] - The operating revenue for Apple India rose by 19% to INR 79,060.5 Cr in FY25 from INR 66,727.7 Cr in FY24 [1][2] - Net profits for Apple India jumped 16% to INR 3,196 Cr (approximately $3.6 Bn) in FY25 compared to INR 2,745.7 Cr (approximately $3.1 Bn) in the previous fiscal year [1] Revenue Breakdown - Revenue from traded goods, which includes iPhones, MacBooks, and iPads, stood at INR 74,680.5 Cr in FY25, reflecting an 18% year-on-year increase [3] - Service sales, including Apple Care and technical support, contributed INR 4,380 Cr to the operating revenue during the fiscal year [3][1] Income and Profitability - Total income for Apple India, including finance and other income, reached INR 79,378.4 Cr in FY25 [2] - The increase in net profits was driven by steady growth in the company's top line [1] Expense Analysis - Total expenses for Apple India grew more than 18% to INR 75,190 Cr in FY25, with stock-in-trade purchases accounting for INR 64,010.9 Cr, up 18% from INR 54,147 Cr in FY24 [7] - Employee benefit costs rose by over 19% to INR 3,107.4 Cr in FY25 from INR 2,599.7 Cr in the previous fiscal year [7] - Advertising expenses increased by 20% to INR 877.1 Cr in FY25 from INR 728.7 Cr in FY24 [8] Strategic Developments - Apple is deepening its omnichannel sales strategy in India, with plans to open two additional flagship stores in Pune and Hyderabad [5] - The company has shifted the entire assembly of iPhones sold in the US to India, expected to be completed by 2026 [5] - Apple currently manufactures its entire iPhone 16 series in India and has begun production of the iPhone 17 [6] - Exports of iPhones from India rose by 76%, reaching INR 1.50 Lakh Cr in FY25 [6]