电子行业周报：2024Q3全球智能手机出货量同比上涨4%，消费电子终端新品迎来发布热潮

Investment Rating - The report suggests a positive outlook for the electronics sector, indicating a moderate recovery in demand and recommending focus on four main investment themes: AIOT, AI-driven technologies, equipment materials, and consumer electronics [7][9]. Core Insights - In Q3 2024, global smartphone shipments increased by 4.0% year-on-year, marking five consecutive quarters of growth, driven by strong performance from Chinese manufacturers like vivo, OPPO, Xiaomi, and Lenovo [7][8]. - The report highlights the upcoming product launches from brands such as Honor, Huawei, and Xiaomi, which are expected to further stimulate the consumer electronics market [8][9]. - The electronics sector outperformed the broader market, with the Shenwan Electronics Index rising by 9.65%, significantly surpassing the 0.98% increase in the CSI 300 Index [9][26]. Industry News - Honor launched the X60 series, featuring satellite communication technology and enhanced durability, while vivo introduced the X200 series with advanced imaging capabilities and a new communication feature [13][14]. - The global semiconductor sales reached $53.12 billion in August, reflecting a 20.6% year-on-year increase, driven by demand related to generative AI [21]. - South Korea's semiconductor exports hit a record high of $13.63 billion in September, with a notable increase in memory semiconductor exports [22]. Market Performance - The electronics sector's performance was robust, with various sub-sectors showing significant gains, including semiconductors (+12.07%) and electronic components (+7.96%) [26][32]. - The report notes that the electronics industry is expected to continue its growth trajectory, supported by technological advancements and increasing domestic demand [9][21].