电子行业周报：苹果FY24Q3业绩超预期，继续看好AI落地终端趋势和自主可控

Investment Rating - The report maintains an "Overweight" rating for the electronic industry [2][3]. Core Insights - Apple reported a total revenue of $85.777 billion for FY24Q3, a 5% year-on-year increase, and a net profit of $21.448 billion, up 8% year-on-year. The company plans to invest more in Apple Intelligence, which will be launched in phases starting this fall [3][25]. - The AI investment trend is driving demand for AI applications across various devices, including smartphones, PCs, and wearables. Key companies recommended for investment include PCB leader Pengding Holdings, battery leader Zhuhai Guanyu, and precision electronics manufacturer Luxshare Precision [3][25]. - The semiconductor industry is experiencing a resurgence, with companies like Samsung reporting significant profit increases due to AI-driven demand for storage chips. Samsung's Q2 sales reached approximately 74.07 trillion KRW, a 23.44% increase year-on-year, with net profit soaring by 470.97% [3][11][26]. Summary by Sections 1. Market Review - From July 29 to August 2, the overall market declined, with the Shanghai Composite Index rising by 0.50%. The electronic industry index outperformed the market, increasing by 0.48% [6][10]. 2. Sub-industry News 2.1 Semiconductor - Samsung's semiconductor division reported sales of 28.56 trillion KRW, with a significant increase in high-value products like HBM and DDR5 [11][26]. - Lam Research's Q2 revenue was $3.872 billion, up 20.6% year-on-year, indicating strong growth in semiconductor equipment spending [3][26]. 2.2 AI, IoT, and Automotive Electronics - Omdia predicts that humanoid robots will see a compound annual growth rate of 83% from 2024 to 2030, driven by advancements in generative AI [15][16]. 2.3 Innovative Electronics & Wearables - Apple Vision Pro can now be controlled via a brain-computer interface, showcasing advancements in wearable technology [18]. 2.4 Mobile & 5G - Global smartphone shipments reached 289.1 million units in Q2 2024, a year-on-year increase of 8%, with Apple leading in revenue share [21][22]. 2.5 LCD & LED - In H1 2024, Chinese companies accounted for 50.7% of the global smartphone OLED display market, marking a significant increase from the previous year [23][24]. 3. Industry Investment Strategy - The report emphasizes the importance of AI in driving growth across various sectors, recommending investments in companies that are well-positioned to benefit from this trend, such as Luxshare Precision and Pengding Holdings [3][25][27].