"你的微信登录环境存在异常。为了账号安全，请更换设备重新登录。"近期，多名抢到工程样机努比亚 M153的用户在社交媒体上反馈，使用豆包手机助手操作微信时，触发了"登录环境异常"提示，导致微 信强制退出且无法正常登录。 不仅微信，过去几天陆续有用户发现，通过豆包手机助手使用阿里系应用（如淘宝、闲鱼等）以及农业 银行、建设银行等银行类App时，同样遭到"拒绝"。 这款由字节跳动旗下豆包与中兴联合推出的AI手机，凭借创新功能短短几天时间就吸引了大量关注， 同时也引发了移动互联网行业的震荡。当AI手机试图成为用户的"超级助手"时，触碰的不仅是技术边 界，更是整个移动互联网生态的敏感神经。 豆包手机助手紧急调整 这款豆包AI手机的核心卖点在于其强大的跨应用操作能力。在官方演示视频中，用户只需发出语音指 令，AI就能自动完成"多平台比价并跳转至最便宜渠道下单"的复杂流程。 字节跳动方面还强调："豆包手机助手需要用户主动授权，才可以调用该权限，使用操作手机功能。" 但随着包括银行在内的更多App加入限制行列，豆包手机助手方面在12月5日再次发文表示，由于"社会 关注度远超预期"，计划在未来一段时间对AI操作手机的能力进行规 ...

金融工程 证 券 研 究 报 告 市场情绪监控周报（20251201-20251205） 本周热度变化最大行业为通信、食品饮料 本周市场估值跟踪 本周宽基和行业估值： 沪深 300、中证 500、中证 1000 的滚动 5 年历史分位数分别为 85%、95%、 94%。 申万一级行业中，从 2015 年开始回溯，当前估值处于历史分位数 80%以上的 一级行业有：电力设备、轻工制造、银行、电子、商贸零售、钢铁、计算机、 国防军工、煤炭、环保、建筑材料、医药生物；位于估值历史 20%以下的有食 品饮料、综合、非银金融； 申万二级行业中，从 2015 年开始回溯，目前处于历史分位数 80%以上的二级 行业有航天装备、软件开发、国有大型银行、冶钢原料、生物制品、风电设备、 化学制药、环保设备、服装家纺、普钢、旅游及景区、橡胶、航空机场、专业 连锁、装修建材、半导体、商用车、照明设备、互联网电商、数字媒体、化学 纤维、汽车服务、多元金融、工程机械。 本周市场热度跟踪 本周宽基热度变化方面：热度变化率最大的为"其他"，相比上周提高 1.54%， 最小的为中证 1000，相比上周降低 1.98%。 本周申万行业热度变化方面 ...

Core Insights - The launch of Doubao AI phone has generated significant market interest, with resale prices on platforms like Xianyu reaching up to 8000 yuan, indicating a high demand similar to the iPhone 4 launch [1] - The Doubao AI phone features a high-permission agent that enables system-level AI capabilities, allowing users to perform complex tasks with simple commands [1] - The emergence of AI phones raises concerns about the future of traditional internet giants and apps, as predicted by Elon Musk, suggesting a potential shift in the mobile ecosystem [2] Group 1 - The Doubao AI phone's popularity validates the trend of integrating AI interactions in mobile devices, confirming the investments made by major manufacturers like Honor, Vivo, and OPPO in AI technology [4] - The rapid rise of the Doubao AI assistant serves as a significant turning point in the AI phone market, comparable to Mark Zuckerberg's appearance at the Oculus launch in 2016 [4] - Tencent's proactive measures against AI automation in apps like WeChat highlight the challenges AI phones face in gaining widespread acceptance [3][10] Group 2 - The current landscape of AI phones is divided into two factions: the radical revolutionaries, represented by Doubao, and the conservative preservationists, who advocate for a more gradual approach [8][12] - The fundamental logic of the mobile internet ecosystem is being challenged by system-level AI, which could disrupt traditional advertising and user engagement models [9][11] - The swift prohibition of AI operations by WeChat reflects the potential impact on daily active users (DAU) and monthly active users (MAU), which are crucial for advertising revenue [10] Group 3 - The Doubao AI phone's hardware capabilities are questioned, as ByteDance excels in software but lacks the hardware prowess of established players like Xiaomi and Honor [6][7] - The development of system-level AI requires a collaborative approach between software and hardware, which may be more effectively executed by traditional phone manufacturers [12][18] - The success of AI phones hinges not only on technology but also on the ability to create a supportive ecosystem that includes cooperation with major app developers [22][24] Group 4 - The AI phone market's growth could benefit existing manufacturers, as seen with the rise in stock prices for companies like ZTE following the Doubao AI phone's announcement [23] - Honor's strategic focus on AI integration and ecosystem development illustrates the competitive landscape among phone manufacturers in the AI space [22] - The challenges faced by Doubao AI phone in establishing a viable ecosystem echo historical precedents in the tech industry, where similar initiatives have struggled to gain traction [28]

Core Viewpoint - The launch of the "Doubao Assistant" smartphone in collaboration with ZTE has generated mixed market reactions, highlighting both the potential of AI in automating tasks and the challenges related to privacy and app security [1][4][12]. Group 1: Product Launch and Market Response - Doubao and ZTE released the "Doubao Assistant" smartphone priced at 3499 yuan, which quickly sold out due to its AI capabilities [1]. - The smartphone allows users to perform tasks like ordering and price comparison through voice commands, showcasing significant improvements in AI functionality [5][12]. - Despite the initial success, users reported issues with third-party app security measures, leading to account access problems [6][12]. Group 2: Technical and Privacy Concerns - The AI assistant's ability to perform tasks is linked to its use of high-risk permissions, such as INJECT_EVENTS, which allows it to simulate user actions across applications [6][13]. - Concerns have been raised about privacy, as the AI's operation may expose sensitive user data, leading to potential misuse [14][15]. - Doubao has announced plans to limit certain functionalities to address privacy concerns, including restrictions on financial applications and gaming scenarios [8][11]. Group 3: Industry Implications and Future Directions - The integration of AI assistants into smartphones represents a shift in the competitive landscape, as it challenges traditional app interactions and revenue models [18][20]. - The ongoing debate about user consent and the legitimacy of AI actions raises questions about the future of AI in mobile technology and its impact on user privacy [19][20]. - Industry standards are being developed to address the use of accessibility permissions, but consensus on best practices remains elusive [16][20].

Core Viewpoint - The collaboration between ByteDance and ZTE to launch the AI phone, featuring the Doubao assistant, has generated significant market excitement, pushing ZTE's stock to a halt on the A-share market and causing a nearly 14% surge in Hong Kong shares. However, the long-term impact on ZTE's market position remains uncertain as the smartphone industry is highly competitive and dynamic [1][3][10]. Group 1: Market Reaction and Initial Success - ZTE's stock surged due to the announcement of the AI phone, with trading volume exceeding 13.1 billion [1]. - The Doubao assistant represents ByteDance's first deep integration into smartphone capabilities, marking a potential shift in the Android ecosystem's power dynamics [1][10]. - The initial release of the Nubia M153, equipped with the Doubao assistant, sold out quickly, indicating strong consumer interest [1]. Group 2: Competitive Landscape - ZTE has struggled to maintain a competitive presence in the smartphone market over the past decade, with its Nubia brand not ranking among the top five smartphone manufacturers in China [16]. - The current top five smartphone manufacturers in China, according to IDC data, are Vivo, Apple, Huawei, Xiaomi, and Oppo/Glory, with ZTE's market share being less than 1% [16][17]. - ZTE lacks advantages in both offline and online sales channels, with major competitors dominating these markets [18]. Group 3: Product and Ecosystem Challenges - ZTE's product offerings have been criticized for lacking innovation and competitiveness, particularly in areas like imaging and system performance [19]. - The Doubao assistant may enhance ZTE's appeal, but it does not address the company's fundamental weaknesses in product capabilities and market positioning [25]. - The AI phone's success is contingent on ZTE's ability to leverage the Doubao assistant effectively, but the assistant is not exclusive to ZTE, as other manufacturers are also pursuing similar AI integrations [11][26]. Group 4: Long-term Viability and Strategic Positioning - The introduction of the Doubao assistant may create a temporary boost for ZTE, but the long-term sustainability of this advantage is questionable as the smartphone market evolves towards ecosystem-based competition [30][31]. - ZTE's lack of a clear brand position and ecosystem capabilities limits its ability to capitalize on the AI trend effectively [29][32]. - The competition for control over AI integration in smartphones is just beginning, with ZTE positioned as a minor player in this evolving landscape [31][33].

然而，随着AI应用向纵深发展，软硬件一体化趋势正在重塑行业格局，也引发了前所未有的冲突。 软件巨头当然不甘心仅作为App存在，希望通过"AI超级助手"接管手机控制权。豆包手机助手的尝试便 是一个典型信号——它正在尝试跨越App边界，直接帮用户完成订票、支付等操作。这种"绕过"传统操 作系统逻辑的方案，本质上是对现有应用生态的挑战。反观硬件厂商，为了防御并构建自己的生态壁 垒，也纷纷将AI能力内化为系统的一部分。 （原标题：2026年，AI手机会出现iPhone时刻吗丨小白商业观） 陈白/文 对中国手机厂商而言，即将到来的2026年，或许将成为智能手机普及以来最为艰难，却也最具 决定性的一年。 12月1日，字节跳动旗下的豆包宣布上线手机助手，试图重塑人机交互逻辑。这被视为软件厂商向AI （人工智能）手机领域进军。AI手机是继智能机之后的又一次代际革命，这已是市场共识。但在AI概 念尚未完全落地之时，软硬件厂商围绕"入口"的争夺战已经提前打响。 AI的"iPhone时刻"未来会出现在软件公司还是在硬件厂商，现在谁也没有答案。 先来看硬件领域。在这个赛道上，中国手机厂商拥有不可忽视的比较优势。市场研究机构IDC数据 ...

利通电子（603629.SH）12月5日在投资者互动平台表示，您好！公司的精密金属结构件产品主要应用 于电视机，不涉及您提及的产品。谢谢！ （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：您好，请问公司生产的金属精密件可否用于AIPC，AI 手机？ ...

陈白/文 对中国手机厂商而言，即将到来的2026年，或许将成为智能手机普及以来最为艰难，却也最具 决定性的一年。 12月1日，字节跳动旗下的豆包宣布上线手机助手，试图重塑人机交互逻辑。这被视为软件厂商向AI （人工智能）手机领域进军。AI手机是继智能机之后的又一次代际革命，这已是市场共识。但在AI概 念尚未完全落地之时，软硬件厂商围绕"入口"的争夺战已经提前打响。 AI的"iPhone时刻"未来会出现在软件公司还是在硬件厂商，现在谁也没有答案。 在竞合中创新，或许是我们迎接AI"iPhone时刻"最好的姿态。毕竟我们真正期待的，不是安装了AI软件 的旧手机，而是基于AI所诞生的新物种。 软件巨头当然不甘心仅作为App存在，希望通过"AI超级助手"接管手机控制权。豆包手机助手的尝试便 是一个典型信号——它正在尝试跨越App边界，直接帮用户完成订票、支付等操作。这种"绕过"传统操 作系统逻辑的方案，本质上是对现有应用生态的挑战。反观硬件厂商，为了防御并构建自己的生态壁 垒，也纷纷将AI能力内化为系统的一部分。 理想状态下的AI手机，应该是底层硬件、操作系统与上层应用的无缝融合，带给用户如人类般思考和 行动的体验。 ...

Core Insights - ByteDance's Doubao and ZTE have launched an AI smartphone that is generating significant market interest [1] - The Doubao assistant within the phone shows quick response times and clear feedback logic in travel planning and ticket booking, but has issues with longer wait times and unintegrated payment processes [1] - The industry faces challenges with the integration of systems and models in current smartphone AI assistants, and the effectiveness of this collaboration between Doubao and ZTE remains to be validated by the market [1]

文 | NEXT趋势，作者 | 方远，编辑 | 小雨 过去一周，首款深度植入字节跳动豆包AI终端的努比亚M153工程样机，意外成为了中国互联网最吸睛 也最充满争议的硬件产品。在闲鱼等二手平台，这款原价3499元的手机被极客们炒至高价悬赏。 然而，这种试图重构手机交互的技术狂想，很快撞上了现实的铜墙铁壁。 继引发微信封号风波后，12月5日上午，面对各大银行 APP 的集体弹窗预警，豆包团队再发公告，宣布 因审慎考虑资金安全，主动下线针对银行及支付类 APP 的AI操作能力。 从一机难求的未来终端，到接连被社交与金融两大巨头生态围剿。豆包手机的历程，不只是一次产品的 试水，更是AI与旧有移动互联网秩序之间发出的第一声刺耳摩擦。 这不仅涉及技术层面，更是一场围绕流量、主权与隐私展开的博弈。 交互革命 如果说2007年iPhone的发布是用多点触控取代了物理键盘，那么2025年年末的这款豆包手机，则试图用 意图识别取代APP的图形界面。这被科技界视为一次潜在的降维打击。 根据多家科技媒体的实际测试与技术分析，豆包手机所搭载的AI能力，与我们所熟悉的Siri或小爱同学 存在本质差异。传统的语音助手更像一个传话工具，它们 ...