Core Viewpoint - Vanguard Group, one of the largest asset management companies globally, reported a slight increase in its U.S. stock holdings, reaching a total market value of approximately $6.9 trillion by the end of Q4 2025, up from about $6.68 trillion at the end of Q3 2025 [2]. Group 1: Holdings Overview - By the end of Q4 2025, Vanguard held 4,329 U.S. stocks, with a total market value of $6.9 trillion, equivalent to approximately 48 trillion RMB [2]. - Vanguard's top 50 holdings accounted for about $3.49 trillion, representing 50.58% of its total portfolio [4]. - There were 110 stocks in Vanguard's portfolio with a market value exceeding $10 billion, and 9 stocks with a market value exceeding $100 billion [4]. Group 2: Top Holdings - Nvidia was Vanguard's largest holding, with approximately 2.267 billion shares valued at about $422.736 billion, making up 6.1% of the portfolio [5]. - Apple and Microsoft followed as significant holdings, each with a market value exceeding $300 billion [5]. - The performance of key stocks varied, with Nvidia's stock price decreasing by 0.04%, while Apple's increased by 6.77% and Microsoft's decreased by 6.63% during Q4 [2].

Investment Rating - The report maintains a "Buy" rating for Apple Inc. (AAPL.O) [1] Core Insights - Apple achieved record revenue and profit in FY1Q26, with revenue reaching $143.8 billion (yoy +15.7%) and net profit at $42.1 billion (yoy +15.9%), surpassing market expectations and previous guidance [4][5] - The overall gross margin increased to 48.2%, exceeding the previous guidance of 47%-48% [4] - The strong performance was driven by a robust recovery in iPhone sales, with iPhone revenue at $85.3 billion (yoy +23%) [5] - Service revenue also reached a record high of $30 billion (yoy +14%), indicating strong user engagement and monetization capabilities [5] - Despite supply chain challenges, the guidance for FY2Q26 remains optimistic, with expected revenue growth of 13%-16% and gross margin guidance of 48%-49% [6] Summary by Sections Financial Performance - FY1Q26 revenue was $143.8 billion, net profit was $42.1 billion, and basic EPS was $2.85 [4] - The gross margin for FY1Q26 was 48.2%, reflecting strong pricing power and supply chain management [6] Business Segments - iPhone revenue was $85.3 billion, marking a 23% year-over-year increase [5] - Service revenue reached $30 billion, a 14% increase year-over-year, with multiple sub-segments achieving record highs [5] - Other hardware segments showed mixed results, with Mac revenue declining by 7% and iPad revenue increasing by 6% [5] Future Outlook - The guidance for FY2Q26 includes a revenue growth forecast of 13%-16% and a gross margin of 48%-49% [6] - The company is focusing on AI development, including partnerships with Google for next-generation models and enhancing user experience through new AI features [6][7] - Long-term growth potential is supported by a large active device ecosystem of over 2.5 billion [7]

Core Viewpoint - Apple is exploring the possibility of launching a clamshell foldable iPhone, which is expected to be released after the first foldable iPhone, anticipated to debut in September this year [1] Group 1: Product Development - The first generation of the foldable iPhone will feature a book-like design, similar to the Samsung Galaxy Z Fold 7, and will offer a large screen of approximately 7.7 inches when unfolded, suitable for watching videos and gaming [1] - The clamshell iPhone will focus on portability and convenience for pocket carrying, differentiating it from the first foldable iPhone [1] Group 2: Market Expectations - Apple is betting that the success of the first foldable iPhone will drive substantial market demand for such products and create consumer anticipation for more diverse shapes and sizes, akin to the evolution of traditional flat iPhones [1] - However, it is emphasized that the clamshell iPhone's market entry is not guaranteed and remains uncertain [1]

来源：环球网 【环球网科技综合报道】2月2日消息，据MacRumors报道，苹果 CarPlay Ultra 将于今年晚些时候扩展到 更多汽车品牌。 外媒表示，去年苹果公司发布了CarPlay Ultra 。近九个月过去了，CarPlay Ultra目前仍仅限于阿斯顿·马 丁的最新款豪华车型，但这种情况应该很快就会改变。 2025年5月，苹果公司表示，现代、起亚等汽车品牌计划提供CarPlay Ultra。当时，苹果公司表示， CarPlay Ultra将在"未来12个月内"开始扩展到全球更多车型。 彭博社记者马克·古尔曼表示，他获悉CarPlay Ultra功能将于"今年下半年"至少搭载于现代或起亚的一款 全新主力车型上。目前尚不清楚他指的是此前报道过的现代即将推出的IONIQ 3，还是指其他车型。 外媒称，宝马、福特和Rivian等品牌都曾公开淡化CarPlay Ultra的重要性，而通用汽车则颇具争议地在 其新款电动汽车中放弃了普通版CarPlay ，因此它很可能也不会支持CarPlay Ultra。这意味着雪佛兰、凯 迪拉克和GMC等品牌的车型很可能无缘搭载CarPlay Ultra。特斯拉不太可能提 ...

Core Viewpoint - Apple is exploring the idea of launching a foldable iPhone with a "clamshell" design, potentially named "iPhone Flip," to compete with devices like Samsung Galaxy Z Flip 7 and Motorola Razr [1][2]. Group 1: Product Development - A foldable iPhone is expected to be released after Apple's first foldable iPhone, which is anticipated to launch in September this year [2]. - The first foldable iPhone is projected to unfold like a book, featuring a large 7.7-inch inner display for video viewing and gaming, likely with multitasking capabilities [2]. Group 2: Market Strategy - Apple is betting that its first foldable iPhone will achieve enough success to stimulate market demand for this product category, encouraging consumers to seek more diverse shapes and sizes of devices, similar to traditional flat iPhones [2]. - The feasibility of the clamshell iPhone reaching the market remains uncertain [2].

Core Viewpoint - Bank of America Securities believes that Apple's iPhone upgrade performance will exceed expectations despite headwinds from rising commodity prices, with gross margins continuing to rise [1] Group 1: Product Developments - The AI-powered Siri is expected to launch in 2026, and a foldable iPhone is anticipated to be released in September 2026 [1] - The installed base of devices is projected to reach a new high, contributing to positive growth [1] Group 2: Financial Projections - The revenue forecast for Apple's fiscal year ending September 2026 has been raised from $463 billion to $475 billion [1] - Earnings per share estimate has been increased from $8.26 to $8.51 [1] Group 3: Investment Outlook - The firm reaffirms a "Buy" rating for Apple, maintaining a target price of $325 [1] - Strong capital returns, leadership in the AI sector, and opportunities from new products or markets are cited as reasons for optimism regarding the company's performance in 2026 [1]

其中，2025年，苹果(AAPL.US)创下年度出货量新高，iPhone 出货量同比增长7% 至2.406亿部，使其连 续第三年保持全球最大智能手机厂商的地位。三星在经历连续三年的年度下滑后于 2025 年实现显著反 弹，同比增长 7%，出货略低于苹果。 在前五名之外，尽管市场环境充满挑战，仍有多家厂商保持正向增长。得益于在核心市场激烈竞争中快 速拓展地理版图带来的增长，荣耀和联想(00992)分别同比增长11% 和 6%，创下历史新高。 Omdia最新研究显示，2025年全球智能手机出货量增长 2%，达到12.5亿部，为2021年以来的最高水 平。除大中华区外，各地区出货量均同比增长，中国内地则因2025年国家补贴政策的激励效应不及预期 而略有下降。升级和换机的强劲需求支撑使市场保持增长，尽管商业环境充满不确定性，多家厂商仍然 打破了纪录。 受季节性利好因素和厂商强劲表现推动，2025年第四季度，全球智能手机出货量同比增长4%。 Omdia 研究经理 Le Xuan Chiew认为，市场波动时期，为能够快速应对挑战的厂商、供应商及合作伙伴 提供了竞争窗口。这种条件创造了一个战略机遇，可以抓住升级换机用户、开 ...

Market Sentiment - The CNN Money Fear and Greed index showed a decline in overall market sentiment, with a current reading of 57.9, down from 60.5, indicating a shift within the "Greed" zone [5] - U.S. stocks settled lower on Friday, with the Nasdaq Composite falling more than 200 points during the session [1] Stock Performance - The S&P 500 recorded losses for the third consecutive session, closing down 0.43% at 6,939.03, while the Dow Jones fell around 179 points to 48,892.47 [4] - Despite the recent losses, the S&P 500 gained 1.4% and the Dow added 1.7% for January, while the Nasdaq recorded a monthly gain of 1% [1][4] Economic Data - U.S. producer prices increased by 0.5% month-over-month in December, marking the largest rise in three months and exceeding market expectations of 0.2% [3] - Most sectors on the S&P 500 closed negatively, with materials, information technology, and financial stocks experiencing the biggest losses, while consumer staples and energy stocks closed higher [3] Company Financials - Apple Inc. reported stronger-than-expected financial results for the first quarter of fiscal 2026 [2] - Verizon Communications Inc. also reported better-than-expected fourth-quarter financial results and provided FY26 adjusted EPS guidance above estimates [2]

Market Sentiment - The CNN Money Fear and Greed index showed a decline in overall market sentiment, with a current reading of 57.9, down from 60.5, indicating a shift within the "Greed" zone [5] - U.S. stocks settled lower on Friday, with the Nasdaq Composite falling more than 200 points during the session [1] Stock Performance - The S&P 500 recorded losses for the third consecutive session, closing down 0.43% at 6,939.03, while the Dow Jones fell around 179 points to 48,892.47 [4] - Despite the recent losses, the S&P 500 gained 1.4% and the Dow added 1.7% for January, while the Nasdaq recorded a monthly gain of 1% [1][4] Economic Data - U.S. producer prices increased by 0.5% month-over-month in December, marking the largest rise in three months, surpassing market expectations of 0.2% [3] - Most sectors on the S&P 500 closed negatively, with materials, information technology, and financial stocks experiencing the biggest losses, while consumer staples and energy stocks closed higher [3] Company Financials - Apple Inc. reported stronger-than-expected financial results for the first quarter of fiscal 2026 [2] - Verizon Communications Inc. also reported better-than-expected fourth-quarter financial results and provided FY26 adjusted EPS guidance above estimates [2]

Group 1 - Baidu has established a new personal super intelligence business group led by Wang Ying, aimed at enhancing AI application capabilities through better integration of talent and technology [2] - iQIYI's CFO Wang Jun has resigned for personal reasons, with senior vice president Zeng Ying appointed as the acting CFO [3] - TCL Technology has appointed Wang Cheng as CEO, while founder Li Dongsheng will remain as chairman [4][6] Group 2 - 360's Vice President of Public Relations Zhang Yongsheng has left the company [7] - Konka's President Cao Shiping has resigned but will continue to serve in another capacity [8] - Tongfang's former President and Chairman Lu Zhicheng has passed away at the age of 78 [9] Group 3 - Disney CEO Bob Iger plans to step down before the end of his contract, with Josh D'Amaro expected to be appointed as the new CEO [12] - Disney has established a new marketing and branding department led by Asad Ayaz [13] Group 4 - TikTok has formed a new U.S. data security company led by Adam Presser as CEO [14] - Apple has expanded hardware chief John Ternus's responsibilities to include design, solidifying his position as a potential successor to CEO Tim Cook [15] - Apple has experienced a wave of departures from its AI team, with at least four researchers leaving for companies like Meta and Google [16] Group 5 - Meta has appointed Dina Powell McCormick as President and Vice Chair, overseeing strategic initiatives [17] - NVIDIA has hired Alison Wagonfeld as its first Chief Marketing Officer [18] - NVIDIA board member Persis Drell has resigned for new career opportunities [20] Group 6 - xAI co-founder Greg Yang has left the company due to health issues but will remain as an informal advisor [21] - OpenAI has implemented a general manager responsibility system for its product lines [22] - Anthropic has appointed Irina Ghose as Managing Director for India [23] Group 7 - Paramount Skydance has appointed Dennis K. Cinelli as CFO [24] - Warner Music Group has named Hannah Karp as Chief Communications Officer [27] - Hark has hired former Apple designer Abidur Chowdhury as its design lead [28] Group 8 - Soitec has appointed Laurent Remont as its new CEO [29] - Black Box has named Sameer Batra as Chief Business Officer for its global systems integration business [30] - Kioxia Holdings has appointed Hiroo Oota as CEO [31] Group 9 - SoftBank has appointed Jun Shimba as Chairman [32] - Merck has appointed Benjamin Hein as CEO of its electronics business [35] - Sharp has announced leadership changes with Grace Dolan set to become the new President [38]