Apple(US:AAPL) Huafu Securities·2025-05-11 08:49Investment Rating - The industry rating is "Outperform the Market" [13] Core Insights - Apple is actively expanding into 3D printing, having posted job openings for a Rapid Prototyping Manager and a Design Engineer in Additive Manufacturing, indicating a strategic focus on enhancing manufacturing capabilities [3][4] - The first foldable iPhone from Apple is expected to launch in the fall of 2026, which could significantly impact the foldable smartphone market, currently dominated by Huawei and Samsung [4] - The Chinese smartphone market saw a 5% year-on-year increase in shipments in Q1 2025, with Xiaomi leading the market [4] Summary by Sections 3D Printing - Apple is hiring for positions related to 3D printing, emphasizing the importance of rapid prototyping and manufacturing solutions [3] - Companies to watch in the 3D printing application space include Huazhu Gaoke and Bolite [5] Foldable Smartphones - Apple's entry into the foldable smartphone market is anticipated to revitalize the segment, which saw a decline in shipments in Q4 2024 [4] - The foldable smartphone market is currently led by Huawei with a 31.2% market share [4] Smartphone Market - The Chinese smartphone market is experiencing growth, with significant contributions from brands like Xiaomi and Huawei [4] - The report suggests monitoring companies involved in automation assembly and testing equipment, as well as those producing components for Android devices and foldable smartphones [5]