TMT行业月报：多个厂商推出AI手机；OpenAI发布强沟通能力人工智能大模型GPT-4o；出海业务成游戏公司发展重点

Investment Rating - The report assigns an investment rating of "Outperform" relative to the market [2][60]. Core Insights - The TMT industry is experiencing stable growth, with the computer sector facing profit declines and the gaming sector seeing increased cost expenditures [3][4]. - AI functionality is rapidly becoming a competitive point in smartphones, with projections indicating that AI phone shipments will rise from 5% in 2023 to 54% by 2028 [3][22]. - The gaming market is shifting towards overseas expansion as domestic competition intensifies, with 2023 seeing Chinese self-developed games generating $16.366 billion in overseas sales [3][47]. Summary by Sections 1. Market Review - From April 1 to April 30, 2024, the CSI 300 index rose by 1.89%, with the communication sector increasing by 1.5%, while the computer and media sectors fell by 3.37% and 5.23%, respectively [4][11]. - The computer sector's profits significantly declined in Q1 2024 due to reduced IT budgets from the previous year, leading to decreased demand [4][11]. 2. Communication Industry 2.1 Domestic Telecom Business Volume - In April 2024, the total telecom business volume reached 148.7 billion yuan, a year-on-year increase of 1.53% [14]. - Cumulative telecom revenue from January to April 2024 was 592.4 billion yuan, up 4% year-on-year [14]. 2.2 AI Rapid Penetration in Consumer Electronics - The global AI smartphone market is expected to grow at a CAGR of 63% from 2023 to 2028, with 16% of smartphone shipments being AI-enabled by 2024 [22][25]. - Major brands like Apple and Samsung are integrating AI features into their devices, enhancing user experience and performance metrics [22][24]. 3. Computer Industry 3.1 Domestic Software Industry Revenue - In April 2024, the domestic software industry revenue was 988.6 billion yuan, reflecting a year-on-year growth of 12.97% [26]. - Revenue from cloud computing and big data services reached 106 billion yuan, a 23.83% increase year-on-year [28]. 3.2 OpenAI's GPT-4o Release - OpenAI's GPT-4o, released in May 2024, features real-time voice interaction capabilities and excels in various multimodal tasks [31][41]. - The model demonstrates significant improvements in audio processing and translation, outperforming previous models [35][41]. 4. Gaming Industry 4.1 Game License Approval Status - In May 2024, 96 new games were approved, with 39 being casual games, indicating a stable trend in license issuance [42]. - The gaming market is becoming saturated, with mobile games lacking growth highlights [4][42]. 4.2 Domestic Gaming Market Competition - The overseas market has become a strategic focus for many domestic gaming companies, with 2023 seeing a decline in overseas revenue for many smaller firms [47][49]. - The share of Chinese self-developed mobile games in the global market increased from 11.9% in 2019 to 17.1% in 2023 [49].