根据 Counterpoint Research初步数据 ，2025年Q1全球PC出货量同比增长6.7%，达6,140万台。增长 主要受PC厂商赶在美国加征关税前加速出货，以及Windows 10终止支持背景下AI PC加速普及的推 动。但这一增长可能难以持续，预计库存水平将在未来数周趋于稳定。美国关税政策或将抑制2025 年的增长势头。 全球主要PC厂商2025年Q1出货量（单位：百万台） 数据来源：Counterpoint Research 2025年Q1全球PC市场出货量同比增长6.7%，主要受美国关税预期提前拉货及AI PC加速普及的推 动。 Apple和Lenovo出货量同比增幅超10%，表现优于其他品牌，进一步强化了头部品牌在市场中的主 导地位。 全球PC制造业产能仍高度集中于中国，短期内行业应对关税风险面临重大挑战。 美国关税政策导致PC行业不确定性增加，可能抑制AI PC的增长势头。 Apple和Lenovo本季度表现强劲，主要得益于新产品发布和市场动态。Apple出货量同比增长17%， 由搭载AI功能M4芯片的MacBook系列驱动；Lenovo 11%的增长则源于其AI PC产品线的扩展和 ...

Group 1 - The recent stock market pullback may be justified due to the potential impact of changes in U.S. tariff policy on corporate profits and economic growth [1] - Despite the pullback, many companies may have been unfairly affected, indicating potential investment opportunities [1]

North America Economic Research 09 April 2025 Liberation Day mulligan After the financial carnage of Liberation Day, today the president partially climbed Economic and Policy Research down from last week's tariff announcement. While the 10% across-the-board tariff will remain, the scheduled increase in country-specific tariffs has been paused for 90 days for those countries that haven't retaliated. Notably, though, for China, which has retaliated, tariffs will now go to 125%. In static terms, today's moves ...

Homebuilding stocks got a much-needed boost after President Trump left Canadian lumber out of sweeping new tariffs. Homebuilding stocks surged Friday as investors cheered a favorable policy outcome for the housing industry. Tariff exceptions for Canada and Mexico "amount to a major win" for homebuilders, the National Association of Home Builders said in a statement.Shares of several top homebuilders made solid gains in the session. D.R. Horton (DHI) climbed 4.6%, while Dream Finders Homes (DFH) jumped 5.1%. ...