Apple(US:AAPL) 3 6 Ke·2025-08-27 10:01Core Viewpoint - Apple is set to hold its annual fall event on September 9, focusing on the launch of the iPhone 17 and Apple Watch, with significant implications for supply chain dynamics and investment opportunities [1][3]. Group 1: iPhone Developments - The iPhone 17 is expected to be notably thinner, with the introduction of the iPhone 17 Air, which may measure only 5.5-6.25 mm, making it the thinnest iPhone to date [3][6]. - Achieving this thinness involves advancements in materials science, structural stacking, and cooling solutions, indicating a potential shift in the supply chain landscape [5][6]. - The Pro series is anticipated to feature a long-focus lens upgraded to 48 million pixels, introducing new structural demands on components like lenses and sensors, which could lead to significant market revaluations [9][12]. Group 2: Wearable Technology Innovations - The Apple Watch Ultra 3 is expected to introduce a satellite SOS feature, targeting the outdoor sports market and potentially reshaping valuations in this vertical [15][18]. - AirPods Pro 3 may include an in-ear heart rate tracking function, transforming them from consumer electronics into health monitoring devices, which could lay the groundwork for a subscription-based health service model [19][21]. Group 3: Investment Implications - The developments in iPhone materials and manufacturing, camera upgrades, and wearable technology innovations present several potential investment directions [22]. - Key questions remain regarding the underlying motivations for Apple's technology choices, the yield and cost curves of new technologies, and their impact on profit margins, which are crucial for building a high-confidence investment model [22].