中新网河源12月20日电 (记者 张璐)2025客家古邑·万绿河源欢乐跑(简称"活动")20日在河源市体育馆鸣枪 开跑，吸引了7000名跑步爱好者参与。 "这是我第二次来河源参加跑步活动。赛道沿着东江修建，空气特别清新，沿途还能看到客家和恐龙元 素装饰，跑步的同时还能感受文化和美景。"来自广州的跑友陈先生说。(完) 当日，专业健身教练带领全体参赛人员开展热身运动，针对关节活动、肌肉拉伸等关键环节进行细致指 导，帮助跑友规避运动风险。 活动现场秩序井然，跑友们精神饱满。恐龙人偶队、"十二花神"方阵、鱼灯队等特色方阵尤为引人注 目，造型别致的装扮与欢乐氛围相得益彰。 随着发令枪响，7000名跑友沿着既定路线出发。本次欢乐跑赛道全长5公里，以河源市体育馆为起点， 经沿江东路、东江西路延伸至东源县万达广场。赛道沿途串联东江生态廊道，两岸绿植繁茂、水系清 澈，展现河源"国家园林城市"的生态优势。赛道沿途还融入客家文化元素与非遗展示，让跑友在运动之 余充分感受客家文化的独特魅力。 图为2025客家古邑·万绿河源欢乐跑现场。 (河源市委宣传部 供图) 活动现场，河源"城市代言人"——"四小龙"IP天团亮相。此外，河源新春文 ...

Core Viewpoint - Goldman Sachs maintains a "Buy" rating on Apple Inc. (AAPL.US) with a 12-month target price of $279.00, indicating a potential upside of 6.4% [1] Financial Performance Expectations - For Q4 FY2025, Goldman Sachs forecasts revenue of $103.5 billion, a 9% year-over-year increase, exceeding market consensus of $101.8 billion [1] - Expected EPS is $1.81, above the market consensus of $1.77 [1] - Gross margin is projected at 46.5%, including $1.1 billion in tariff costs, aligning with the company's previous guidance [1] Segment Analysis - **iPhone Revenue**: Expected to reach $50.8 billion, a 10% year-over-year increase, driven by strong performance of the iPhone 17 series and a 3% increase in unit sales [1] - **Mac Revenue**: Anticipated at $8.681 billion, a 12% increase, supported by the replacement cycle of older devices [2] - **iPad Revenue**: Projected at $6.93 billion, flat year-over-year, with demand supported by old device replacements but offset by educational discounts [2] - **Services Revenue**: Expected to be $28.2 billion, a 13% increase, with growth in subscription services compensating for slower App Store spending growth [2] Future Growth Drivers - Continued demand for the iPhone 17 series and upcoming innovations such as the iPhone 18 foldable model are expected to drive future growth [3] - A rich product pipeline includes the launch of M4 Ultra chip Mac Pro in late 2025 and various iPad models in 2025-2027 [3] - The introduction of Smart Glasses and Vision Pro 2 in the coming years will enhance Apple's ecosystem [3] Market Position and Challenges - Goldman Sachs believes that third-party payment impacts on the App Store are limited, as users prefer seamless experiences [4] - The smartphone market remains resilient, with Apple's active installed base continuing to grow [4] - Challenges include macroeconomic impacts on demand, supply chain dependencies, increased competition, and regulatory pressures [4]