Huan Qiu Wang·2025-10-22 05:46Core Viewpoint - The official launch of iPhone Air and the complete transition to eSIM technology marks the beginning of a cardless era, which is expected to transform user connectivity and drive the telecommunications industry towards greater intelligence and cloud integration [1][3]. Company Summary - China Mobile has successfully completed the comprehensive upgrade and service deployment of its eSIM system, enabling users to process eSIM services at its outlets with valid identification and compatible devices [3]. - The company has introduced a "P+E parallel strategy" to balance technological upgrades with user experience, allowing for both eSIM and traditional SIM card support in new devices, thus providing users with more choices and a smoother transition [3]. - China Mobile has invested three years in developing core technologies for eSIM, establishing a self-controlled technical system that supports the commercial use of eSIM and the development of 5G and 6G ecosystems [3]. Industry Summary - The widespread adoption of eSIM technology is expected to reshape the telecommunications industry chain, leading to upgrades in terminal manufacturing, chip development, system design, and service operations [4]. - China Mobile is collaborating with industry partners to launch more eSIM-compatible smart devices across various applications, including smartphones, wearables, and IoT, thereby unlocking growth potential in the telecommunications sector [4]. - The commercial rollout of eSIM is a significant step for China Mobile in building an integrated ecosystem of "connectivity + computing power + services," which enhances its strategic positioning in the market and signals growth opportunities for investors [4].