Core Viewpoint - Huawei has launched its second tri-fold smartphone, the Mate XTs, marking it as the world's second commercially available tri-fold device, showcasing significant technological advancements and user experience enhancements compared to its predecessor [2][4]. Group 1: Product Features and Innovations - The Mate XTs introduces several innovative features, including support for stylus input, allowing users to handwrite and record notes, and compatibility with various PC applications [2]. - The device allows users to drag text between screens and multitask, such as watching videos on one screen while editing on another, effectively integrating PC functionalities into a mobile device [2]. - The phone is powered by the Kirin 9020 chip, which enhances overall performance by 36% compared to previous models [5]. Group 2: Market Position and Sales Data - As of July 2023, the original Mate XT has sold over 700,000 units, establishing itself as a benchmark in the high-end foldable smartphone market [4]. - The new Mate XTs is priced between 17,999 yuan and 21,999 yuan, reflecting a decrease in production costs compared to the original model, which was priced between 19,999 yuan and 23,999 yuan [5]. - Huawei holds a dominant position in the foldable smartphone market, with a 75% market share in China and being the first domestic manufacturer to exceed 10 million cumulative shipments [5]. Group 3: Industry Outlook - IDC forecasts that the global foldable smartphone market will see shipments reach approximately 19.83 million units by 2025, with a compound annual growth rate of 7.8% expected through 2029 [6]. - The market is anticipated to grow despite challenges in component technology, with future innovations likely focusing on product form factor iterations rather than significant advancements in lightweight designs [6].

Core Viewpoint - Huawei has launched the Mate XTs, the world's first tri-fold screen smartphone, showcasing significant technological advancements and setting a high bar in the foldable smartphone market [1][2]. Product Features - The Mate XTs features a 10.2-inch 3K display with a resolution of 3184×2232 and a 16:11 aspect ratio, utilizing COE pixel technology to reduce power consumption by 13% [2]. - The device incorporates a second-generation Lingxi communication system, enhancing video upload speeds by 76% and download speeds by 105% [3]. - It is equipped with a 5600mAh battery, offering improved battery life and supporting both wired and wireless fast charging [3]. - The phone is the first in the industry to integrate PC version office, drawing, and financial software into a mobile device [3]. Market Position - Huawei holds a dominant position in the domestic foldable smartphone market, capturing 75% of the market share with a shipment of 3.74 million units [5]. - In the global market, Huawei commands a 45% share of foldable smartphone shipments, benefiting from strong performance in both the Chinese and U.S. markets [5][6]. Competitive Landscape - Despite Huawei's strong momentum, competition is intensifying with domestic manufacturers and international players like Samsung and Apple increasing their focus on foldable technology [6]. - Samsung is set to launch its first tri-fold smartphone, while Apple plans to release its first foldable iPhone in 2026, with projected shipments of 8 to 10 million units [6].

Core Viewpoint - Huawei has launched the Mate XTs, the world's first tri-fold screen smartphone, which integrates PC-level software into a mobile device, showcasing significant technological advancements and high production barriers in the foldable screen market [1][4]. Group 1: Product Features - The Mate XTs features a 10.2-inch 3K display with a resolution of 3184×2232 and a 16:11 aspect ratio, achieving a 13% reduction in power consumption [2]. - The device utilizes aerospace-grade special steel with a tensile strength of 2400MPa, and the hinge system has seen a 23% reduction in thickness for the outer fold and a 16% reduction for the inner fold [3]. - It includes advanced communication capabilities with a 76% increase in video upload speed and a 105% increase in download speed, along with satellite communication features for emergency situations [3]. Group 2: Market Position - Huawei holds a dominant position in the domestic foldable smartphone market, capturing 75% of the market share with 3.74 million units shipped in the first half of 2025 [8]. - The global foldable smartphone market is experiencing rapid growth, with Huawei leading with a 45% market share in Q2 2025, driven by strong performance in both the Chinese and US markets [8][7]. - Competitors like Samsung and Apple are also entering the foldable market, with Samsung's first tri-fold device in production and Apple's plans for a foldable iPhone by 2026 [9][7].

Core Viewpoint - Huawei has launched the Mate XTs, the world's first tri-fold screen smartphone, emphasizing its unique technological advancements and high market share in the foldable smartphone sector [1][3][12]. Group 1: Product Features - The Mate XTs features a 10.2-inch 3K display with a resolution of 3184×2232 and a 16:11 aspect ratio, achieving a 13% reduction in power consumption [6][8]. - The device incorporates advanced materials, including aerospace-grade special steel, and boasts a tensile strength of 2400MPa for its hinge [7]. - It includes a 5600mAh battery with enhanced charging capabilities, and the overall performance is improved by 36% due to the Kirin 9020 chip and HarmonyOS 5 [8][10]. Group 2: Market Position - Huawei holds a dominant position in the domestic foldable smartphone market, capturing 75% of the market share with a shipment of 3.74 million units in the first half of 2025 [13]. - The global foldable smartphone market is experiencing significant growth, with Huawei leading with a 45% market share in Q2 2025, driven by strong performance in both Chinese and U.S. markets [13][14]. Group 3: Competitive Landscape - Competitors such as Samsung and Apple are also entering the foldable smartphone market, with Samsung's tri-fold device entering mass production and Apple's plans for a foldable iPhone by 2026 [14].

责任编辑：王翔 华为Mate XTs 非凡大师及全场景新品发布会今日举行，华为常务董事、终端BG董事长余承东表示，一 年前，华为发布了全球首款三折叠屏手机，迄今为止仍然是折叠屏领域的唯一。三折叠，能超越华为的 只有华为。 ...

Core Viewpoint - The stock of Lushan New Materials opened at a limit-up price of 25.61 yuan, reaching a total market capitalization of 3.74 billion yuan, driven by business expansion and breakthroughs in new products [1]. Business Expansion and New Product Breakthroughs - Lushan New Materials has successfully entered the electronic skin, electronic muscle, and simulated skin fields for humanoid robots, which are considered cutting-edge technologies with vast market potential [2]. - The company has achieved breakthroughs in OCA optical adhesive films for foldable screens, which can withstand over 200,000 bends at room temperature and have begun mass supply. This product is also being applied in humanoid robot visual display modules, aligning with the growing demand in the foldable smartphone market [2]. Progress in Silicon-Carbon Anode Materials - The company has started mass supply of PAA, a functional adhesive material for silicon-carbon anodes, which can be used in solid-state/semi-solid lithium batteries. This aligns with the increasing performance demands in the rapidly developing new energy vehicle industry [3]. - In the first half of 2025, Lushan New Materials reported a revenue of 741 million yuan and a net profit of 15.94 million yuan, while adopting a cautious operational strategy for its solar cell packaging film business to mitigate the impact of industry fluctuations on profitability [3][4]. Financial Performance - Key financial data for the first half of 2025 shows a revenue decrease of 33.27% compared to the same period last year, with net profit down by 48.40%. The company reported a significant drop in net profit from regular operations by 91.57% [4]. - The polyolefin functional materials segment, which constitutes a significant portion of the business, achieved a shipment volume of 35,200 tons, a year-on-year increase of 22.67%, and revenue of 434 million yuan, up 16.67% [4]. Future Growth Strategy - The company is committed to its "one main, two supports" development strategy, focusing on new products and projects as core growth drivers. The market expansion of new products such as OCA optical adhesive films and silicon-carbon anode materials is progressing well and is expected to become new performance growth points [5]. - With the rapid development of humanoid robot materials, Lushan New Materials plans to leverage its technical advantages in precision coating and polymer material modification to quickly enter the electronic skin, electronic muscle, and simulated skin markets, expanding into smart wearables and medical rehabilitation [5].

Group 1 - Apple is expected to launch foldable iPhone and iPad between 2026 and 2028, with increased shipment forecasts for the foldable iPhone from 6-8 million to 8-10 million units in 2026 and from 10-15 million to 20-25 million units in 2027 [1] - The foldable iPad is projected to have a shipment volume of approximately 0.5 to 1 million units in 2028 [1] - The entry of Apple into the foldable smartphone market is anticipated to enhance competition and drive sales growth, with foldable smartphone penetration expected to rise from 1.6% in 2025 to over 3% in 2027 [1] Group 2 - The global foldable screen shipment is projected to grow at a compound annual growth rate (CAGR) of 49.48% from 2021 to 2027, reaching 102 million units by 2027, with the Chinese market expected to see shipments of 17.3 million units by 2028 [1] - The foldable screen supply chain is characterized by display modules and hinge costs accounting for over 50% of total costs, indicating potential benefits for related testing and precision processing equipment as industry penetration increases [1] - Luxshare Precision is set to join the production of the foldable iPhone, which will feature a Samsung-exclusive OLED display and UTG (Ultra-Thin Glass) developed by Lens Technology [2]

Core Viewpoint - Apple plans to launch its first foldable iPhone in 2026 and a foldable iPad in 2028, utilizing ultra-thin glass cover solutions supplied exclusively by Corning [1][2] Product Details - The foldable iPhone is expected to have a shipment volume of 8 to 10 million units in 2026, increasing to 25 million units in 2027 [1] - The foldable iPad will feature an 18 to 20-inch display when unfolded, making it Apple's largest mobile device screen to date [1] - The foldable iPhone will have a book-style fold design, with a thickness of 9 to 9.5 mm when folded and approximately 4.5 to 4.8 mm when unfolded [2] Screen and Camera Features - The external screen will measure 5.5 inches when folded, and the internal screen will be 7.8 inches when unfolded [2] - The foldable iPhone will include four cameras, with dual rear cameras and front-facing cameras in both folded and unfolded states [2] Technology and Durability - Apple aims to minimize screen creases by using a metal plate to distribute stress during bending, and will incorporate liquid metal in the hinge for improved durability [2] - The device is expected to use a side-mounted Touch ID instead of Face ID to save internal space [2] Pricing Strategy - The foldable iPhone is projected to be the most expensive iPhone ever, with prices estimated between $1,800 and $2,500 [3] Market Context - According to IDC, global shipments of foldable smartphones are expected to reach approximately 19.83 million units by 2025, with a year-on-year growth of about 6.0% [1] - Apple's entry into the foldable market is anticipated to increase consumer interest and acceptance of foldable products [1] Stock Performance - As of the latest report, Apple's stock price is $236.02 per share, with a market capitalization of approximately $3.5 trillion, reflecting a year-to-date decline of over 5% [4]

Core Viewpoint - The article discusses the anticipated release of Apple's first foldable iPhone, the iPhone Fold, expected in 2026, highlighting increased shipment forecasts and market expectations for this product [1][2]. Group 1: Shipment Forecasts - Apple has raised its shipment expectations for the foldable iPhone to 8-10 million units for 2026 and 20-25 million units for 2027, up from previous estimates of 6-8 million and 10-15 million respectively [2]. - The foldable iPad is projected to ship 500,000 to 1 million units in its first year, expected in 2028 [3]. Group 2: Market Context - In the first half of 2025, China's foldable smartphone shipments are expected to reach 4.98 million units, with Huawei holding a 75% market share at 3.74 million units [3]. - Samsung's smartphone shipments in the U.S. surged in Q2, increasing its market share from 23% to 31%, while Apple's share dropped from 56% to 49% [4]. Group 3: Product Features and Design - The foldable iPhone is expected to feature a book-style fold similar to Samsung's Galaxy Z Fold, with a thickness of 9-9.5 mm when folded and 4.5-4.8 mm when unfolded [6]. - The device will have a 5.5-inch external display and a 7.8-inch internal display, with a key selling point being minimal screen creasing due to a metal plate design [8]. - It will include four cameras and will replace Face ID with a side-mounted Touch ID to save internal space [8]. Group 4: Pricing and Release Timeline - The foldable iPhone is anticipated to be the most expensive iPhone ever, with expected prices ranging from $1,800 to $2,500 [8]. - The device is currently in the New Product Introduction (NPI) phase and is expected to begin mass production by late September or early October, with a launch anticipated in the fall of next year [8].

Group 1 - The core viewpoint of the news highlights a significant boost for Apple (AAPL.US) due to favorable developments, including a court ruling on Google's monopoly case and increased shipment expectations for the first foldable iPhone [1] - A U.S. District Court judge ruled that Google does not constitute a monopoly in the online search space, dismissing the request for Alphabet to sell its Chrome browser and allowing it to continue paying Apple for default search engine fees [1] - Analyst Ming-Chi Kuo raised the shipment forecast for Apple's first foldable iPhone, projecting 8-10 million units by 2026 and 20-25 million units by 2027, indicating Apple's ambition in the foldable market [1] Group 2 - Apple is set to hold its annual fall product launch event on September 9, where it is expected to unveil the iPhone 17 series [1] - In pre-market trading, Apple's stock rose nearly 3% to $236.24, reflecting positive market sentiment following the news [1] - The stock's trading data shows a high of $230.85, a low of $226.97, and a total market capitalization of $3.41 trillion [2]