电子元器件行业跟踪报告：苹果产业链跟踪：印度塔塔停产；iPhone 16系列Pro占比提升

Investment Rating - The report provides an investment rating of "Outperform the Market" for the semiconductor manufacturing industry, indicating an expected stock price increase of over 10% relative to the benchmark index within six months [10]. Core Insights - The shutdown of Tata Electronics' factory in India is seen as a potential benefit for the domestic Apple supply chain, as Apple may import critical components from China or other regions to ensure production stability during the sales peak [5]. - The shipment proportion of the iPhone 16 Pro models is increasing, with demand remaining strong despite shorter delivery times for other models, suggesting a shift towards higher-end product offerings [5]. - The penetration rate of AI smartphones is expected to rise, with projections indicating a 17% penetration in 2024 and 30% by 2025, positioning Apple to lead the AI smartphone market with its upcoming Apple Intelligence feature [5]. Summary by Sections Apple Supply Chain - Tata Electronics' factory in Tamil Nadu, India, has indefinitely ceased operations due to a fire, impacting Apple's supply chain diversification efforts outside China [5]. - Apple may respond by importing key components or shifting production lines to maintain stability during the upcoming sales season [5]. iPhone 16 Series - The iPhone 16 and iPhone Plus have seen reduced delivery times, while the Pro models maintain steady demand, indicating a potential increase in high-end model shipments [5]. AI Smartphone Market - The anticipated rise in AI smartphone penetration is supported by Canalys data, forecasting a 17% penetration in 2024 and 30% in 2025, with Apple expected to leverage its strengths in chip design and software ecosystem [5]. Investment Recommendations - The report suggests focusing on companies within the Apple supply chain, including Luxshare Precision, Pengding Holdings, Linying Intelligent Manufacturing, Lens Technology, Crystal Optoelectronics, and BYD Electronics, among others [5].