Group 1 - The Hang Seng Index closed up 0.93%, while the Hang Seng Tech Index rose by 1.91% [1] - Apple-related stocks led the gains, with Sunny Optical Technology rising over 10% and AAC Technologies increasing by more than 9% [1] - The innovative drug sector experienced declines, with Genscript Biotech falling over 8% and BeiGene dropping more than 7% [1]

苹果周报：需求表现尚可 果价稳中有涨 银河大宗农产品 研究员：刘倩楠 期货从业证号：F3013727 咨询从业证号：Z0014425 第一部分 逻辑分析及交易策略 内容摘要 GALAXY FUTURES 1 ◼ 现货分析 ◼ 供给分析 ◼ 需求分析 ◼ 交易策略 苹果现货分析 栖霞一二级纸袋80#（元/斤） 洛川半商品纸袋70#（元/斤） 0 1 2 3 4 5 6 7 1-1 1-14 1-27 2-9 2-22 3-7 3-20 4-2 4-15 4-28 5-11 5-24 6-6 6-19 7-2 7-15 7-28 8-10 8-23 9-5 9-18 10-1 10-14 10-27 11-9 11-22 12-5 12-18 12-31 栖霞一、二级纸袋80# 2020 2021 2022 2023 2024 2025 0 1 2 3 4 5 1-1 1-14 1-27 2-9 2-22 3-7 3-20 4-2 4-15 4-28 5-11 5-24 6-6 6-19 7-2 7-15 7-28 8-10 8-23 9-5 9-18 10-1 10-14 10-27 11-9 11-22 12 ...

大宗商品研究所 农产品研发报告 农产品日报 2024 年 05 月 07 日 研究员：刘倩楠 期货从业证号： F3013727 投资咨询证号： Z0014425 联系方式： :liuqiannan_qh@chinas tock.com.cn 苹果日报 第一部分 市场信息 | 现货价格 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 指标 | 今日份格 | 下一工作日份 | 涨跌 | 指标 | 今日价格 | F-工作日价 | 涨跌 | | 格 | | | | | | 相 | | | 宮千卒業外掲指数 | 103.65 | 103.65 | 0.00 | 洛川半商品纸袋70 | 4.30 | 4.30 | 0.00 | | 栖霞 一、二级纸袋 80 | 4.10 | 4.10 | 0.00 | 沂源纸袋70 | 2.40 | 2.40 | 0.00 | | 蓬莱 一、二级纸袋 80 | 4.20 | 4.20 | 0.00 | 6种水果平均批发价 | 7.69 | 7.63 | 0.06 | | 期货价格 | | | | | ...

Core Insights - North America remains the largest market for Apple smartwatches, contributing over half of the total shipments, but it has become a key factor dragging down global performance in 2024 [2] - Apple has seen an 8% year-on-year decline in market share in the high-end smartwatch segment priced over $300, with fourth-quarter shipments declining for the fifth consecutive quarter [2] - In contrast, Samsung's Galaxy Watch Ultra series is gaining traction among high-end users due to its titanium body and health monitoring features, while Huawei's Watch GT series is capturing the mid-range market with its "long battery life + cost-effectiveness" strategy [2] Product Strategy Issues - Counterpoint attributes Apple's decline to two major product strategy missteps: the limited upgrade of the Watch Series 10 has resulted in insufficient consumer motivation to upgrade [2] - The absence of the flagship Watch Ultra 3 and the entry-level Watch SE in the 2024 product lineup has further exacerbated the situation [2] - The previous generation of Watch SE was launched in Q3 2022, and the anticipated 2024 version has faced delays due to controversial design changes from aluminum to plastic, leading to a rare situation where Apple released new products but experienced a year-on-year decline in shipments during the traditional new product launch season [2]

Summary of Key Points from Conference Call Records Industry or Company Involved - **Huawei and its HarmonyOS**: Huawei's transition to HarmonyOS with the upcoming launch of Harmony computers in May 2025 [1] - **Intelligent Systems**: Companies like Huiwei Intelligent and its collaboration with Tongxin and Kirin in the operating system sector [1] - **Tianyuan Dike**: Involvement in the sales of Huawei's Ascend computing products through its subsidiary [2] - **Spring Autumn Electronics**: Business relationship with Huawei in laptop structural components [3] - **BrainCo**: Development of non-invasive brain-machine interface technology [4] - **Tesla**: Plans to produce thousands of Optimus robots by 2025 [7] - **Apple**: Legal issues regarding App Store practices and potential profit increases for local developers [9] Core Points and Arguments - **Huawei's HarmonyOS Launch**: Huawei's terminal business is fully entering the HarmonyOS era, with the first Harmony computers expected to debut in May 2025, indicating a significant shift in their product strategy [1] - **Strategic Collaborations**: Huiwei Intelligent is actively investing in open-source Harmony-related product technology development through partnerships with Tongxin and Kirin [1] - **Tianyuan Dike's Revenue Expectations**: The overall expectation for Tianyuan Dike's super fusion business is projected to exceed 1 billion yuan in 2023 [2] - **Spring Autumn Electronics' Collaboration**: The company has an ongoing business relationship with Huawei in the laptop component sector, indicating a strong partnership [3] - **BrainCo's Market Impact**: BrainCo's non-invasive brain-machine interface technology is gaining attention, with collaborations for product training and development [4] - **Tesla's Production Plans**: Tesla aims to produce thousands of robots by 2025, showcasing its commitment to robotics and automation [7] - **Apple's Legal Challenges**: A recent court ruling against Apple may lead to a 30% profit increase for local developers, highlighting the potential for increased market competition [9] Other Important but Possibly Overlooked Content - **Price Increases in Rare Earth Elements**: Significant price increases in dysprosium and terbium in the European market, with prices rising by over 210% [8] - **R32 Refrigerant Market Trends**: Overall production of air conditioning units is increasing, with refrigerant prices rising unexpectedly [8] - **H-Acid Market Dynamics**: Tight market supply and rising prices for active dyes due to upstream cost increases [8] - **Technological Advancements in Brainwave Interaction**: Companies like Dineike are focusing on non-invasive brainwave interaction technologies, particularly in health and rehabilitation sectors [8] - **Electric Motor Production Capabilities**: Company producing electric motor cores for robots and electric vehicles, with significant production capacity [10] This summary encapsulates the key insights and developments from the conference call records, providing a comprehensive overview of the involved companies and industries.

Core Viewpoint - The recent ruling by the California District Court against Apple regarding its App Store practices has significant implications for developers and the competitive landscape of digital payments, allowing developers to direct users to external payment channels without incurring Apple's commission [1][3][4]. Legal Developments - The court found that Apple failed to comply with previous orders to provide developers with external payment options and imposed a ban on charging commissions for purchases made through these channels [1][2]. - The ruling highlighted Apple's attempts to maintain its revenue through anti-competitive practices, including imposing new barriers and discouraging users from using alternative payment methods [2][3]. Impact on Developers - Developers within the iOS ecosystem are now authorized to guide users towards external payment options, potentially increasing their revenue by avoiding Apple's 27% commission on external purchases [3][4]. - Companies like Epic Games have already announced plans to eliminate fees for developers on their platform, indicating a shift towards more favorable terms for developers [6][10]. Market Dynamics - The ruling is expected to reshape the competitive landscape, as developers may increasingly adopt external payment methods, leading to a decline in Apple's control over app distribution and payment processing [3][4][9]. - Chinese developers are also closely monitoring the situation, with some considering implementing external payment options for their games in the U.S. market [9][10]. Regulatory Environment - The ruling comes amid increasing scrutiny and regulatory actions against major tech companies, including a recent €5 billion fine imposed by the EU on Apple for similar anti-competitive practices [10][11]. - The evolving regulatory landscape is likely to pressure dominant platforms like Apple and Google to lower their commission rates and adapt to new market conditions [11].

Core Viewpoint - A landmark ruling by U.S. District Judge Yvonne Gonzalez Rogers requires Apple Inc. to immediately cease charging commissions on in-app purchases made outside the App Store and prohibits any intimidation of users opting for external payment methods, marking a significant shift in the relationship between software developers and platform providers [1][9]. Group 1: Legal Background - The case originated from Epic Games' lawsuit against Apple in 2020, accusing Apple of enforcing a 30% commission on in-app purchases for Fortnite, which is referred to as the "Apple tax," and restricting developers from directing users to alternative payment methods [3]. - In a 2021 ruling, although the court did not find Apple guilty of monopolistic practices, it mandated that Apple allow developers to use third-party payment methods [3]. Group 2: Recent Developments - Epic Games accused Apple in 2023 of not complying with the previous ruling, claiming that Apple still extracts a 27% commission on external payments and employs intimidation tactics to deter users from using alternative payment methods [5][6]. - The ruling highlights that Apple must not charge any commission on external payments, use intimidating warnings, or prohibit developers from providing external payment links [9]. Group 3: Financial Implications - The ruling could significantly impact Apple's revenue model, as the App Store's commission structure has been a major cost for developers, potentially leading to increased profits for developers if they can avoid platform fees [9][14]. - For example, a developer previously earning $100,000 monthly through in-app purchases faced a $30,000 fee due to the "Apple tax," which could be reduced significantly under the new ruling [6]. Group 4: Industry Impact - The ruling is seen as a major challenge to the existing "closed ecosystem" model of the tech industry, which could prompt similar legal actions against other platforms like Google Play [9][10]. - The decision may lead to a shift in how software developers approach payment systems, potentially increasing competition and reducing costs for consumers [14]. Group 5: Apple's Response - Apple expressed strong disagreement with the ruling but committed to complying with the court's order while indicating intentions to appeal [10]. - Internal discussions at Apple revealed that there were considerations to eliminate external payment commissions, but these were ultimately rejected by the company's leadership [12].

更合理的苹果税。 历时 5 年的「苹果税」诉讼，迎来了第一个大结局。 负责该案的美国法官 Yvonne Gonzalez Rogers 裁定，即日起，苹果不得再对 App 外的购买行为收取费用，并禁止该公司限制 App 开发人员引导用 户进行 App 外购买。 「苹果税杀手」 Yvonne Gonzalez Rogers 这个在五一前夕作出的裁决，不仅只是起诉方 Epic Games 的胜利，也是更多 App 开发劳动者的胜利。 苹果税，不存在了？ 具体来说，Rogers 在裁决中对苹果的禁令包括： 除了向用户发送一条中性消息，告知他们即将前往第三方网站之外，不能干扰消费者离开 App 的选择 也就是说，以后的 App 开发者，可以正大光明在 App 内购的页面，为消费者提供一个不是 App Store 的支付渠道，并且苹果无权从这个渠道中 进行抽成。 而应用开发者本身也要向第三方渠道支付一定的交易费用，这使得他们的总成本超过了原本 30% 的「苹果税」，实际上让第三方支付的方式并不 可用。 这个裁决将意味着苹果失去大部分应用内购的控制权，会有越来越多开发者和用户选择不走 App Store 的渠道进行交易。 ...

Group 1 - Apple-related stocks showed strong performance, with Rongyang Industrial (02078.HK) rising over 6% [1] - Weishi Jiajie (00856.HK) increased by more than 5% [1] - Sunny Optical Technology (02382.HK) saw a nearly 4% rise [1] Group 2 - Other companies such as Qiu Tai Technology (01478.HK) and BYD Electronics (00285.HK) also experienced gains [1]

罗杰斯本周三表示，此前法院裁决后，苹果反而采取了一种新的方式，使在App Store之外销售商品的 应用程序开发者需要向苹果支付27%的佣金。此外，苹果还以App Store之外支付可能不安全为由，劝用 户不要在其他地方支付。该法官表示，苹果无视法院禁令。该法官将苹果移交给联邦检察官进行藐视法 庭刑事调查。 法官表示，苹果不能再从App Store以外的应用程序销售中收取佣金，也不能制定规则来阻止应用开发 者创建外部链接。 当地时间周三，美国加州一名联邦法官裁定，苹果必须放松对App Store的控制，并停止对部分应用程 序的销售收取佣金。此事前因是Epic Games曾对苹果发起诉讼，相关诉讼裁决后，该法官认为苹果违反 了相关诉讼裁决。 2020年，Epic Games游戏《堡垒之夜》因绕过"应用内购买"、开通第三方支付被苹果下架。Epic Games 认为，苹果非法维持iOS系统在App分销市场中的垄断地位，起诉了苹果。2021年，美国法院在要求 Epic Games支付佣金和利息的同时，要求苹果改进应用商店政策。经历多起诉讼，2021年，苹果作出妥 协，同意开发者可通过邮件等方式，向用户介绍苹果iOS支 ...