Group 1 - On September 4, the consumer electronics sector experienced a decline, with the consumer electronics ETF dropping by 4.66% [1] - Huawei launched the MateXTs foldable phone, featuring the Kirin 9020 processor and starting at a price of 17,999 yuan [1] - Apple is set to hold a product launch event on September 10, introducing the iPhone 17 series, which includes a new Air model that is notably thin at 5.5mm and weighs approximately 145g [1] Group 2 - The smartphone market has become a battleground for existing products, with innovation stagnating despite rapid technological advancements [1] - Huawei is projected to hold a 75% market share in foldable phone shipments by mid-2025, with competitors like Vivo, Xiaomi, Honor, and Samsung sharing the remaining market [1] - Apple is reportedly working on a foldable device with a unique hinge design that allows for dual-direction folding, aiming to eliminate visible screen creases [2] Group 3 - The lifecycle of blockbuster products in consumer electronics typically aligns with industry cycles, with significant products like PCs and smartphones having lifespans of over a decade [3] - The rise of AI technology is expected to bring about a new wave of innovation in consumer electronics, potentially leading to the next blockbuster product, whether it be foldable phones, AI smartphones, or VR/AR devices [3] - The consumer electronics ETF includes high-quality stocks from the industry chain, and there is a recommendation to monitor software ETFs as hardware innovation may lead to new software opportunities [3]