Apple(US:AAPL) SPDB International·2025-09-12 13:03Investment Rating - The report suggests a strong investment opportunity in Apple's iPhone product cycle and AI initiatives, recommending investors to focus on Apple (AAPL.US) and related supply chain companies [4]. Core Insights - The introduction of the iPhone Air, a new "lightweight flagship" model, is expected to generate additional demand and support Apple's future iPhone strategy [1]. - The iPhone 17 series features significant upgrades, including the A19/A19 Pro chip with AI capabilities reaching 45 TOPS, and enhanced camera specifications across the Pro models [2]. - Apple's strategy includes a reduction in the number of available iPhone models, from 28 to 18, as part of its focus on expanding edge AI capabilities [3]. Summary by Sections iPhone Air Launch - The iPhone Air, with a thickness of 5.6 mm, is the thinnest iPhone to date and is equipped with an A19 Pro chip and a single camera [1]. - The lightweight design is anticipated to attract consumer interest and lay the groundwork for future foldable models [1]. iPhone 17 Series Upgrades - The iPhone 17 series features upgraded AI processing power and improved thermal management, enhancing overall performance [2]. - The Pro models now include a 48MP rear camera and a new 2TB storage option for the iPhone 17 Pro Max, increasing the highest retail price for iPhones [2]. Product Line Adjustments - The reduction in available models reflects a strategic shift towards AI integration, with the latest models featuring the A18 and A19 chips [3]. - Entry-level storage options have been limited, with the iPhone 16 offering only 128GB, indicating a shift in Apple's product strategy [3]. Investment Recommendations - Investors are encouraged to monitor Apple's product cycle and AI developments, as well as related companies in the supply chain such as Luxshare Precision, Lens Technology, BYD Electronics, AAC Technologies, Sunny Optical, and TSMC [4].