电子行业周报：机构预计生成式AI智能手机的出货份额将达到19%

Investment Rating - The electronic industry is experiencing a weak recovery from the demand bottom, with a recommendation to focus on upstream equipment materials that are relatively independent of the industry cycle [2][8]. Core Insights - The report predicts that the share of generative AI smartphones in global shipments will reach 19% in 2024, with an expected shipment volume of 730 million units by 2028, representing a market share of 54% [1][15]. - In the Chinese market, the iPhone 16 has seen a 20% increase in sales compared to the iPhone 15 within the first three weeks of its launch [1][16]. - The electronic industry has shown strong performance, with the Shenwan primary electronic index rising by 10.45%, outperforming the Shanghai Composite Index by 7.34 percentage points [3][4]. Market Trends - Global smartphone shipments reached 316 million units in Q3 2024, reflecting a year-on-year growth of 4.01%, although this is a slight decline from the previous quarter's growth of 7.58% [7][8]. - In August, China's smartphone shipments totaled 21.098 million units, marking a year-on-year increase of 17.7%, but down from 28.3% in July [8]. - Global semiconductor sales in August amounted to $53.12 billion, showing a year-on-year growth of 20.6% [8][14]. Industry Dynamics - The report highlights that the demand for consumer electronics is gradually recovering, driven by a rebound in global economic indicators and a shift towards higher-priced smartphone models [8][15]. - The semiconductor industry is experiencing an upward trend, with improved sales figures, while semiconductor equipment shipments from Japan have shown a slight decrease in growth rate [8][12]. - The report emphasizes the importance of domestic brand consumer electronics companies, which are expected to benefit from inventory normalization in the Android ecosystem [2][8]. Company Updates - Lens Technology reported a net profit growth of 43.74% year-on-year for Q3 2024, with total revenue reaching 46.228 billion yuan, a 36.74% increase [16].