Apple(US:AAPL) Huaan Securities·2025-06-08 12:09Investment Rating - Industry investment rating: Overweight [1] Core Views - The upcoming WWDC25 and ByteDance's Volcano Engine Conference are significant events, with a focus on innovative hardware products [5][6] - The electronic industry index showed a weekly increase of 3.60%, outperforming major indices like the Shanghai Composite and Shenzhen Component [4][28] - The DRAM industry revenue for Q1 2025 was reported at $27.01 billion, reflecting a quarter-over-quarter decrease of 5.5% [14] - Anticipated price increases for Server and PC DDR4 modules in Q2 2025 are expected to be between 18-23% and 13-18%, respectively [15][16] Summary by Sections Market Performance Review - The Shanghai Composite Index increased by 1.13%, while the Shenzhen Component rose by 1.42% during the week of June 2 to June 6, 2025 [4][28] - The best-performing sector was printed circuit boards, with a rise of 9.89%, while semiconductor materials lagged with a 0.73% increase [4][28] Key Industry News - The DRAM industry is facing challenges with a revenue drop due to falling contract prices and inventory adjustments [14] - OLED technology is expanding in the mid-size display market, with a projected annual growth of 80.6% in OLED shipments for 2025 [17][18] - Apple is testing more advanced AI models, with parameters ranging from 3 billion to 150 billion, although expectations for AI updates at WWDC25 are low [21][22] Company Performance - The top five performing stocks for the week included Shengyi Technology, Ruikeda, and Huati Technology, while Feikai Materials and Xuguang Electronics showed weaker performance [43][44] - Year-to-date, Shenghong Technology and Xunjie Technology have been the best performers, while Guoxing Optoelectronics and Longtu Photomask have struggled [43][44]