Shen Zhen Shang Bao·2025-09-06 01:58Core Insights - The upcoming Apple fall product launch is generating significant excitement, with expectations for the iPhone 17 series to feature groundbreaking upgrades such as ultra-thin design, AI-native interaction, and widespread eSIM adoption [1][3] Market Reactions - Following Apple's announcement of the September 9 event, the A-share Apple supply chain has seen a strong performance, with companies like Hon Hai Precision (Foxconn), Kesen Technology, and Lens Technology experiencing notable stock price increases [4] - The "three giants" of the supply chain—Lens Technology, GoerTek, and Luxshare Precision—are in the spotlight, with Luxshare Precision expected to assemble 45% of the iPhone 17 series, surpassing Foxconn [4][5] Financial Performance - Luxshare Precision's revenue is projected to grow from 92.5 billion yuan in 2020 to 268.8 billion yuan by 2024, with a reported revenue of 124.5 billion yuan in the first half of this year, marking a 20.18% year-on-year increase [4] - The company's net profit reached 6.644 billion yuan, up 23.13% year-on-year, and its stock price has risen significantly since April, reaching 44.39 yuan per share as of September 4, with a total market capitalization of 321.9 billion yuan [4] Industry Trends - Analysts predict a "replacement wave" driven by Apple's new product cycle, with expectations for a significant increase in global smartphone shipments, projected to grow by 7% year-on-year to 1.22 billion units in 2024 [6] - The upcoming iPhone 17 series is expected to include four new models, featuring high refresh rate screens and upgraded chips and cameras, indicating a shift towards AI integration and lightweight design [6] Labor Market Dynamics - The supply chain is experiencing a surge in hiring, particularly at Foxconn, as the production ramp-up for new devices approaches, with hourly wages reported to be higher than those at comparable factories [7] - Foxconn is offering additional pay incentives for workers, reflecting the increased demand for labor in anticipation of the new product launch [7] Conclusion - The convergence of capital market enthusiasm, consumer electronics upgrade expectations, and increased factory activity indicates a robust pre-launch environment for Apple's upcoming products, which will be tested at the fall event [8]