苹果新高背后：揭秘万亿产业链上的投资密码

Core Viewpoint - The article emphasizes the deep integration of Chinese companies within the Apple supply chain, highlighting their critical role in the production of the iPhone 17 and the broader implications for the global technology manufacturing landscape [2][3][21]. Group 1: Apple's Dependency on China - Apple has attempted to reduce its reliance on China by shifting parts of its supply chain to Southeast Asia, but this strategy has faced significant challenges [6]. - Over 90% of Apple products are assembled in China, with more than 50 Chinese companies listed among Apple's top 200 core suppliers, indicating a growing presence in both quantity and quality [7]. - The "Zhengzhou speed" exemplifies the efficiency of the supply chain in China, where a vast ecosystem of supporting companies enables rapid production scaling and distribution [8]. Group 2: Rise of Chinese Companies in the Supply Chain - Chinese companies have evolved from mere assembly workers to key partners in the Apple supply chain, leveraging technological innovation and cost control to build competitive advantages [10]. - Lens Technology, a key supplier of glass components for iPhones, exemplifies this transformation, having developed advanced manufacturing techniques to meet Apple's stringent requirements [11]. - Luxshare Precision has transitioned from producing low-value components to becoming a core assembler for major Apple products, showcasing strategic growth through acquisitions and R&D investments [12][13]. Group 3: Investment Opportunities in the Apple Supply Chain - Chinese suppliers are increasing their market share in various components, such as camera modules and structural parts, indicating ongoing opportunities for growth [17]. - Upcoming product cycles, including AR/VR devices and potential Apple cars, present new avenues for suppliers to engage with Apple and drive revenue growth [18]. - Leading companies in the supply chain are diversifying their business models to reduce dependency on Apple, exploring new markets like electric vehicles and renewable energy [19].