Amazon Prime Day is changing. This year's sales event is 4 days long, running July 8th through the 11th, and there are new special sales dropping at midnight. So, Amazon's out here messing up sleep schedules to sell discounted TVs and vacuums.It's different than the Prime days of the past. So, here's what you need to know to navigate the chaos and make sure a deal you're getting is really a good deal. This is the 10th year of Amazon's July Prime Day sale.It's designed like a Black Friday shopping event, but ...

更多资料加入知识星球：水木调研纪要 关注公众号：水木Alpha China (PRC) | Technology Equity Research China Smartphone: High Android Inventory; Strong iPhone Sales China's Apr smartphone shipment is down by ~2% YoY, driven by ~2% fall in Android but ~1% growth in iPhone. On a 6-month rolling basis, we est iPhone's inventory days have risen by 11 days, but dropped by 8 days from Mar, while Android's inventory days are up 19 days, down only 1 day from Mar. Android's aggressive 618 discounts have driven only LSD vol growth, while ~30% dis ...

Core Viewpoint - Rocket Lab USA, Inc. reported better-than-expected financial results for the first quarter, with revenues of $122.57 million, surpassing the consensus estimate of $121.38 million, and a loss of 12 cents per share, which was better than the anticipated loss of 13 cents per share [1][2]. Financial Performance - The company experienced a sequential narrowing of quarterly losses by $6.8 million, which was attributed to two main factors [2]. - Revenue per launch decreased to $7.1 million from $8.2 million in the first quarter of 2024, leading to reduced launch services income [3]. - Research and development expenses increased as the company scaled manufacturing and production capacity in preparation for the Neutron rocket launch [3]. Pricing Strategy - The company is intentionally offering volume-based discounts to secure long-term launch contracts, resulting in a lower average selling price for the quarter [4]. - The backlog for the second half of 2025 indicates an expected increase in launch frequency and average selling prices, driven by higher-value HASTE and mission assurance launches [4]. Future Outlook - A new agreement with the U.S. Air Force Research Laboratory for a rocket cargo mission reflects growing confidence in Neutron's capabilities, which is expected to enhance its commercial traction [5]. - The fiscal 2025 non-GAAP EPS estimate was raised to ($0.20) from ($0.24), above the consensus expectation of ($0.25), with anticipated revenue growth of 33% for the year [5]. - For fiscal 2026, the non-GAAP EPS estimate was maintained at $0.02, slightly ahead of the Street's forecast of $0.01, driven by expected revenue growth of 50% [6]. Market Reaction - Following the earnings report, Rocket Lab shares traded lower by 9.9% to $20.80 [6].