中信证券：看好苹果硬件创新周期和后续AI进展，重点关注折叠屏、AI服务器等新领域公司

Core Insights - Apple launched the iPhone 17 series, AirPods Pro 3, and Apple Watch Series 11 during its 2025 fall product event, highlighting innovations in hardware and AI capabilities [1] Group 1: Product Highlights - Key features of the new products include the iPhone Air model, blood pressure monitoring in the watch, and AI real-time translation in the headphones [1] - The iPhone is expected to experience strong upgrade momentum due to hardware innovations and AI enhancements [1] Group 2: Future Projections - Apple is anticipated to release its first foldable iPhone model in 2026, coinciding with the 20th anniversary of the iPhone in 2027, which will include a special edition and a second-generation foldable model [1] - Projected iPhone shipments are expected to reach 240-250 million units in 2026 and over 260 million units in 2027, indicating a return to an upward trend [1] Group 3: Investment Recommendations - There is a positive outlook for Apple's hardware innovation cycle and subsequent AI advancements from 2025 to 2027 [1] - Companies that contribute to Apple's business performance and are positioned in emerging fields such as foldable screens, AI servers, and robotics are recommended for investment focus [1]