立讯精密、蓝思科技、领益智造等多家“果链”龙头回应“对等关税”

Core Viewpoint - The recent announcement by the U.S. to impose "reciprocal tariffs" has led to a decline in Apple’s stock price and affected the A-share consumer electronics sector, with Apple being one of the most impacted importers due to its reliance on Chinese suppliers [1][5]. Group 1: Impact on Supply Chain Companies - Luxshare Precision (立讯精密) stated that it has limited exposure to the new tariffs due to its FOB pricing model, where the importer (customer) bears the tariff costs [1][3]. - Lens Technology (蓝思科技) reported that the tariff changes would have a minimal impact on its overall operations, as 58.63% of its revenue comes from overseas, with most exports routed through bonded zones to avoid tariff fluctuations [2][4]. - Lianyi Intelligent Manufacturing (领益智造) emphasized its global production layout to mitigate international trade uncertainties, stating that its products do not directly export from China to the U.S. [3][4]. - Zhuhai Coslight (珠海冠宇) indicated that its direct exports to the U.S. are minimal, and it is actively working on establishing overseas production bases to further reduce tariff impacts [4]. Group 2: Apple's Strategic Challenges - Apple faces a difficult decision regarding how to handle the increased costs from tariffs, whether to absorb them, pass them on to consumers, or distribute them across the supply chain [5][6]. - Morgan Stanley estimates that the tariffs could increase Apple's annual costs by approximately $8.5 billion, which may lead to price hikes for products like the iPhone [5][6]. - The reliance on Chinese and Indian assembly for iPhones means that Apple may struggle to significantly expand production in other regions in the short term, potentially leading to price increases for the iPhone 17 series [6].