如果要问有哪些消失了但好用的手机功能，MicroSD卡（TF卡）扩展或许有一席之地。 Micro SD卡插槽是电子设备中很常见的一种硬件接口，它的核心作用是为设备提供可扩展的外部存储空间，而不需要占用设备本身的内置存储空间。 在功能机时代，Micro SD卡是扩展音乐、图片容量的唯一救星。近年来，为了追求机身的一体化、防水防尘性能以及更轻薄的设计，同时也为了推广高存储版本 赚取差价，一些高端智能手机比如三星自 Galaxy S21系列、华为自Mate 20系列开始就已经取消了 Micro SD 卡插槽。OPPO、vivo、小米等品牌的旗舰机也基本跟 随这一趋势，不再提供插槽。 据报道，受 AI 算力需求影响，企业级内存（HBM）产能吃紧，导致消费级闪存（ NAND Flash ）供应减少、价格飙升。 在2025年这一年里，闪存龙头闪迪已经连续三次上调 NAND 闪存产品价格，且每次涨幅都在扩大： 第一次涨价在4月，彼时闪迪宣布全系涨价10%；第二次涨价在9月初，其再次执行10%的普涨；第三次涨价在11月，此次幅度惊人，合约价格大幅上调50%。这是 年内涨幅最大的一次，直接打破了市场预期，而相关机构预测12月合 ...

"双12"购物旺季临近，苹果今年刚发布的iPhone17系列在直营渠道也开启了降价促销活动。 12月8日，Apple Store官方旗舰店在天猫平台上推出年末降价活动，其中，iPhone 17 Pro及iPhone 17 Pro Max机型享优惠300元，优惠后iPhone 17 Pro售价8699元起，iPhone 17 Pro Max售价9699元起。而热门的 iPhone 17基础款无法参与此次活动。但iPhone 17和 iPhone 16、16 Plus、16e部分地区可享受15%的"国 补"，至高省500元。 事实上，12月8日的天猫Apple Store官方旗舰店降价并非iPhone 17 系列首次官方降价，今年"双11"期间 该系列的Pro、Pro Max机型就有过一次官方降价。促销结束后，苹果又将这两个机型恢复至原价。 有手机行业人士对《中国经营报》记者分析，"iPhone 17 Pro系列在上市两个多月后，就经历了两次官 方降价，这反映出苹果在竞争激烈的高端市场中，销售策略比以往更积极、灵活。" iPhone17系列今年9月10日发布，于9月19日正式开售。 根据苹果官方数据，iPhone ...

Core Insights - Lenovo Group reported a record high revenue of 146.4 billion yuan for Q2 of FY2025/26, marking a 15% year-on-year increase, with adjusted net profit rising 25% to 3.66 billion yuan [2] - The company's IDG smart device business generated 108.1 billion yuan, a 12% increase, while the ISG infrastructure solutions business saw a 24% rise to approximately 29.3 billion yuan [2] - AI-related business revenue now accounts for 30% of total revenue, up 13 percentage points year-on-year, indicating AI as a significant growth driver for Lenovo [3] Revenue Breakdown - IDG smart device business revenue: 108.1 billion yuan, up 12% [2] - ISG infrastructure solutions business revenue: approximately 29.3 billion yuan, up 24% [2] - SSG solutions and services business revenue: nearly 20% year-on-year growth [2] AI and Market Trends - AI's growth is expected to be sustainable, with significant demand for memory, flash, and solid-state drives, leading to rising storage chip prices [3][4] - Morgan Stanley indicates that the AI-driven memory supercycle is real, with potential for stronger and longer-lasting impacts than anticipated [4] - The global traditional PC market is projected to grow by 5% to 10%, driven by AI PC demand, which is expected to account for 31% of global PC shipments by 2025 [6][8] Supply Chain and Pricing - Lenovo has secured optimal contracts with key component suppliers, ensuring sufficient supply despite rising prices [5][6] - The company is well-positioned to manage supply shortages and price increases better than competitors due to strong supplier relationships [5] Future Outlook - Lenovo plans to focus on personal and enterprise intelligence, with expectations of continued growth in both areas [7] - The global server market is projected to grow by approximately 44.6% by 2025, with AI servers expected to see a 46.7% increase, driving overall market expansion [8]

中经记者 陈佳岚 广州报道 全球消费电子市场的未来前景正因存储价格的飙升而蒙上阴影。存储元器件价格持续攀升，以智能手 机、笔记本电脑为代表的消费电子产品未来生产出货预期被下调。 11月17日，《中国经营报》记者从TrendForce集邦咨询获悉，该机构下修2026年全球智能手机及笔记本 电脑的生产出货预测，从原先的年增0.1%及1.7%，分别调降至年减2%及2.4%。 根据TrendForce集邦咨询的观点指出，2026年全球市场仍面临不确定性，通胀持续干扰消费市场表现， 更关键的是，存储器步入强劲上行周期，导致整机成本上扬，并将迫使终端定价上调，进而冲击消费市 场。基于此，下修手机和笔记本电脑2026年的生产出货量预测。此外，该机构表示，若存储器供需失衡 加剧，终端产品售价上调幅度或超出预期，生产出货预测仍有进一步下修风险。 存储价格持续上涨 终端厂商被传暂缓采购 存储芯片市场价格持续上涨不仅向终端产品定价传导压力，也引发了市场对终端厂商采购策略的关注。 近日，有媒体报道称，多家手机厂商已经暂缓了本季度的存储芯片采购，小米、OPPO、vivo等厂商相 关库存普遍低于两个月，部分厂商DRAM（动态随机存取存储 ...

Core Viewpoint - Xiaomi Group's stock has declined over 30% from its peak in June, with a current drop of 3.08% to HKD 42.1, amid increasing short-selling activity by hedge funds [1][1][1] Group 1: Stock Performance - Xiaomi's stock price has fallen to HKD 42.1, representing a decline of over 30% since June's highest point [1] - The trading volume reached HKD 30.76 billion, indicating significant market activity [1] Group 2: Hedge Fund Activity - Hedge fund short positions on Xiaomi surged by 53% in the past week, reflecting growing bearish sentiment [1] - Recent data shows that selling pressure from pension funds and hedge funds has dominated the market in the last two weeks [1] Group 3: Investor Sentiment - Investor sentiment is turning cautious ahead of Xiaomi's third-quarter earnings report scheduled for November 18 [1] - Feedback from hedge funds suggests that Xiaomi is viewed as a consensus short/sell target in the short term due to a lack of catalysts [1] Group 4: Analyst Outlook - Goldman Sachs has lowered its target price for Xiaomi, citing rising storage chip prices that suppress smartphone gross margins [1] - The growth rate of Xiaomi's AIoT business has slowed to single digits, and delays in the electric vehicle phase two factory are impacting deliveries [1]

Core Viewpoint - The storage chip market is experiencing a rebound, with significant price increases expected for DRAM in the fourth quarter, driven by increased demand from cloud service providers [1] Group 1: Market Performance - As of November 3, storage chip stocks showed strong performance, with companies like Aerospace Intelligence and Taiji Industry hitting their daily price limits, and others like Purun and Xiangnong Chip rising significantly [1] - TrendForce has revised its forecast for fourth-quarter DRAM price increases from 8%-13% to 18%-23%, indicating a strong upward trend in pricing [1] Group 2: Future Outlook - Looking ahead to 2026, TrendForce anticipates a 4% annual increase in server shipments, driven by cloud service providers adopting high-performance computing architectures [1] - The increase in server DRAM capacity is expected to boost overall DRAM demand, leading to a prolonged supply shortage situation [1]

Core Viewpoint - The A-share market for storage chip stocks has shown strong performance, with several companies reaching historical highs due to a sustained increase in global storage chip prices over the past six months [1][2]. Group 1: Company Performance - Huahong Company saw a rise of 13.48%, reaching a market capitalization of 225.6 billion, with a year-to-date increase of 179.75% [2]. - Shannon Microelectronics increased by 10.19%, with a total market value of 46.6 billion and a year-to-date growth of 253.63% [2]. - Deep Technology and Tongfu Microelectronics both experienced a 10.01% increase, with market capitalizations of 48.1 billion and 67.1 billion respectively, and year-to-date increases of 62.63% and 49.80% [2]. - Other notable performers include Saiteng Co. (10% increase), Taiji Industry (9.95% increase), and Yake Technology (9.23% increase), all approaching or reaching their daily limit [1][2]. Group 2: Market Trends - According to a recent report from CFM Flash Memory Market, global storage chip prices have been on the rise, with expectations for Q4 indicating a price increase of over 10% for server eSSD and a 10% to 15% increase for DDR5 RDIMM [2].

Core Viewpoint - Micron Technology (MU.US) experienced a significant price increase, rising over 4% to reach a historical high of $174.2, driven by a new wave of price surges in the global memory chip market due to supply-demand imbalance, technological advancements, and geopolitical factors [1] Industry Summary - The memory chip market is currently witnessing a price surge, with analysts optimistic about the industry's outlook for the next two years [1] - The first wave of price increases in the memory market began in early April 2025, initiated by SanDisk's price hike notification to customers [1] - In September, a second wave of price increases was confirmed when SanDisk announced a price increase of over 10% for all its products [1] - Recently, Micron Technology notified its channel partners of a price increase of 20%-30% for its memory products, effective from September 12, with all pricing for DDR4, DDR5, LPDDR4, and LPDDR5 products halted and agreements with customers suspended [1]

Core Viewpoint - The A-share market for storage chip stocks has strengthened significantly due to supply tightness and surging demand from cloud enterprises, leading to notable price increases and stock performance in the sector [1]. Group 1: Market Performance - Yachuang Electronics saw a nearly 11% increase in stock price, while Demingli rose over 8% [1]. - Other companies such as Jingzhida, Zhaoyi Innovation, and Lianyun Technology experienced gains exceeding 6% [1]. - The overall trend indicates a robust performance in the storage chip sector, with several companies achieving substantial year-to-date growth percentages [2]. Group 2: Price Adjustments and Supply Dynamics - Major storage module manufacturer Adata announced a halt on DDR4 pricing starting from the 29th, prioritizing DDR5 and NAND flash supply to key customers [1]. - Samsung Electronics raised its memory product prices by 30%, while NAND flash prices increased by 5% to 10% [1]. - Micron Technology informed customers of a price hike ranging from 20% to 30% [1].

Core Insights - The report from CITIC Securities indicates that mainstream storage and niche DRAM prices are rising, with expectations for revenue growth among major storage manufacturers in Q2 2025 and a profitability turning point for storage module manufacturers [1] - It is anticipated that storage prices will maintain an upward trend in Q3 2025, particularly for DDR4 and DDR5 memory [3] Price Review - DRAM prices have shown a moderate increase for DDR5, while DDR4 prices have surged due to accelerated production cuts by manufacturers, with DDR5 contract prices rising approximately 2% and DDR4 prices increasing by 30% on average in May [1][2] - The average price increase for DDR4 8/16Gb chips in May exceeded 30% due to urgent procurement by downstream customers [1] NAND Flash Market - The reduction in production by manufacturers has led to a mild increase in NAND Flash prices, with TLC wafer prices rising by 6% to 14% in March, and SSD prices following suit [2] - Demand for enterprise SSDs continues to rise, particularly from North American CSP manufacturers [2] Price Outlook - For Q3 2025, DDR5 and NAND prices are expected to rise moderately, while DDR4 prices are projected to increase by 8% to 13% [3] - TrendForce forecasts that DDR4 PC/server memory module prices will rise by 18% to 23% and 8% to 13% respectively in Q3 2025 [3] - NAND Flash wafer prices are expected to increase by 3% to 8% in Q2 and 5% to 10% in Q3 2025 [3] Module Pricing - DDR5 memory prices have remained stable, while DDR4 prices have surged by 20% to 64% in the industry and channel markets [2] - SSD prices have seen a slight decline of 3% to 0% in the same period, while mobile storage prices have increased moderately by 0% to 14% [2]