Core Viewpoint - The narrative of China's self-operated operating system is gradually taking shape, with the Harmony ecosystem achieving significant milestones in user adoption and developer engagement [1][4][15]. Group 1: Ecosystem Growth - The number of devices running Harmony 5 and Harmony 6 has surpassed 32 million, with over 10 million registered developers and daily application downloads exceeding 8.8 million [1][4]. - The Harmony ecosystem is entering a new phase of scaled development, supported by major applications like WeChat and a rapid increase in mid-tail applications [3][6]. - The growth rate of Harmony devices is remarkable, with the number of devices increasing from 0 to 10 million in nearly 10 months, and from 10 million to 20 million in just over 2 months [4][11]. Group 2: Technological Advancements - Harmony's core technologies have been mastered, marking a significant step in China's technological self-reliance and innovation [4][13]. - The ecosystem now boasts over 350,000 applications and services, with major applications fully adapted to Harmony, covering 99.9% of consumer usage time [6][15]. - The introduction of new terminal products, such as the Huawei Mate 80 series and Mate X7, signifies a milestone in the maturity of the Harmony ecosystem, providing users with reliable alternatives to Android and iOS [11][12]. Group 3: Industry Impact - Harmony is driving a trillion-level digital economy market, with over 70 industry-specific versions of the open-source Harmony operating system launched [15]. - The technology innovations from Harmony are enabling developers to transition from being "ecosystem followers" to "rule makers," reshaping the software industry landscape [13][15]. - The collaborative ecosystem is essential for continuous growth, emphasizing that ecological construction is a process of shared development and innovation [12][15].

来源：中国基金报 【导读】苹果公司被意大利监管机构罚超9800万欧元 中国基金报记者 忆山 苹果公司再因涉嫌滥用市场支配地位被重罚！ 12月22日，意大利竞争与市场管理局（AGCM）发布的消息显示，苹果公司因滥用市场支配地位，被处 以9863.5万欧元的罚款，约合8.1亿元人民币。对此，苹果公司表示，强烈反对意大利反垄断监管机构的 决定，并将提起上诉。 应用跟踪透明度政策存在限制竞争行为 意大利竞争与市场管理局表示，经调查认定，苹果公司的应用跟踪透明度政策（ATT）存在限制竞争行 为。 意大利竞争与市场管理局指出，自2021年4月起，苹果公司针对iOS设备推行适用于应用商店第三方应 用开发者的应用跟踪透明度政策（ATT），从竞争法层面判定具有限制性竞争本质。具体来看，第三方 应用开发者若要通过苹果ATT弹窗，出于广告推广目的收集并关联用户数据，必须事先获得用户的专项 授权。然而，该弹窗的设计不符合隐私法规要求，导致开发者不得不就同一数据收集目的，向用户重复 发起授权申请。 该局认定，应用跟踪透明度政策（ATT）的条款由苹果公司单方面强制推行，损害了其商业合作伙伴的 合法权益。同时，该政策条款的严苛程度，与苹果 ...

Core Viewpoint - The Italian Competition and Market Authority (AGCM) has fined Apple €98.635 million (approximately ¥814 million) for abusing its market dominance through its App Tracking Transparency (ATT) policy, which restricts competition from third-party app developers [1] Group 1: Regulatory Actions - The AGCM's investigation concluded that Apple's ATT policy, implemented in April 2021, has a restrictive nature on competition [1] - This is not the first action taken by AGCM against Apple; in November 2021, Apple was fined €10 million for failing to provide information on how it collects and uses user data [1] - In 2020, Apple was also fined €10 million by AGCM for misleading commercial practices regarding the waterproof capabilities of iPhones [1]

Group 1: Industry Trends - 2025 marks a pivotal year for the global technology industry, transitioning from "smart connectivity" to "intelligent autonomy" [1] - Hardware products are entering a new era of "edge AI explosion," driven by advancements in AI technology, the proliferation of 5G-A, and sustainable development [1] - The transformation of smart hardware is shifting from "single hardware parameters" to a "full-scenario intelligent ecosystem" [1] Group 2: Consumer Electronics and Innovations - Seamless integration between different types of devices is becoming more common, enhancing user experience across smartphones, computers, and tablets [1] - The rise of smart home appliances, automotive technology, and drones is significantly transforming lifestyles and industrial models [1] - The automotive sector is redefining its role, moving beyond being just a transportation tool to becoming part of a broader economic opportunity in low-altitude airspace [1] Group 3: 2025 EDGE Awards - The 2025 EDGE Awards will recognize outstanding technological products that have made significant contributions in functionality, design, user experience, and market performance [3] - Award-winning products are expected to address industry pain points, optimize user experiences, and explore new scenarios, setting market benchmarks and driving innovation [3] - The awards will highlight the most innovative products of the year, showcasing the profound impact of technological innovation on human life [3]

2025年12月22日，据韩国媒体报道，三星计划于明年推出一款新型折叠屏手机，该机型将采用独特 的"阔折叠"设计，意在与苹果即将发布的首款折叠屏设备展开直接竞争。据悉，这款新机在整体形态上 与苹果的折叠产品高度相似，均配备约7英寸的主显示屏，其中三星版本为7.6英寸，苹果则为7.58英 寸，两者皆采用4:3的画面比例，展开后的视觉效果接近，呈现出类似纸质笔记本或护照的外观结构。 尽管目前尚不清楚三星为何选择在这一产品上贴近苹果的设计思路，但业界普遍分析认为，此举旨在提 升用户使用时的稳定体验。4:3比例使得设备在展开后更易于像翻阅书籍一样持握和浏览，操作手感更 为自然。此外，该比例在网页浏览、图片查看以及文字阅读等场景中具有更强的信息承载能力，能够显 示更多垂直内容，相比主流宽屏更具实用性。 一位了解开发进展的业内人士透露，三星的这款折叠设备将配置7.6英寸的可折叠OLED内屏和5.4英寸 的OLED外屏，整机展开后具备4:3的比例特性。这一比例曾在2010年代之前广泛应用于各类显示设备， 因其在纵向内容展示方面的优势而受到青睐。 尽管目前尚不清楚三星为何选择在这一产品上贴近苹果 的设计思路，但业界普遍分析认 ...

Core Viewpoint - Apple has been fined nearly €98.6 million for abusing its dominant market position, as determined by the Italian Competition and Market Authority (AGCM) [1] Group 1: Fine Details - The fine amounts to €98.635 million, imposed on Apple Inc., Apple Distribution International, and Apple Italy [1] - The penalty is a result of Apple's "App Tracking Transparency" (ATT) policy, which has been in effect since April 2021 [1] Group 2: Regulatory Findings - The AGCM's investigation concluded that the ATT policy has a restrictive nature concerning competition under competition law [1]

Core Insights - The article discusses the shift in consumer behavior and market dynamics, highlighting how niche brands are thriving in a saturated market by addressing specific consumer needs and preferences [5][25]. Group 1: Market Dynamics - The traditional approach of targeting mass markets is becoming less effective as competition intensifies and profit margins shrink in a saturated environment [6][7]. - Brands are increasingly focusing on niche markets that larger companies overlook, allowing them to establish stronger customer loyalty and pricing power [8][19]. Group 2: Consumer Behavior - Modern consumers, especially younger generations, prioritize self-expression and individuality over mere functionality in their purchasing decisions [12][14]. - Consumers are willing to pay a premium for niche products that reflect their values and identity, contrasting with the past when purchases were primarily driven by functional needs [12][14]. Group 3: Brand Strategy - Successful niche brands, such as Yeti and Lululemon, focus on creating high-quality products tailored to specific consumer needs, allowing them to command higher prices and maintain profitability [19][20]. - The marketing approach has shifted from trying to persuade everyone to recognizing and attracting the right audience, which enhances customer loyalty and reduces marketing costs [21][23]. Group 4: Industry Implications - The article suggests that the future of branding lies in defining differences rather than seeking commonalities, as the concept of a mass market is fragmenting into various interest-based communities [25][26]. - Brands that fail to adapt to this new reality risk becoming irrelevant and losing their competitive edge in an increasingly niche-focused market [25][26].

Core Viewpoint - Liu Jingkang, a 90s entrepreneur, demonstrates courage by challenging global market giants and launching innovative projects like drones despite facing significant pressure [4][6]. Group 1: Company Overview - Liu Jingkang founded Insta360, which has become the global market leader in panoramic cameras, achieving a gross margin exceeding 50% from 2022 to Q1 2025, nearly double the average for similar companies [6]. - The company has shown consistent revenue growth, with quarterly revenues increasing by over 40% [6]. Group 2: Product Development and Market Strategy - Insta360's first product, Nano, launched in 2016, addressed transmission speed issues that competitors like Samsung and Ricoh had not solved [11]. - The company has expanded its product line to include action cameras, video conferencing cameras, and automatic editing software, with the ONE R model recognized in TIME magazine's "Invention of the Year" list in 2020 [11]. - The AcePro product line, launched in 2021, has grown from contributing 3% to 10.44% of the company's revenue by the end of 2023, showcasing the company's ability to identify and meet deeper user needs [14]. Group 3: Competitive Landscape - Insta360 competes against major players like GoPro and DJI in the action camera market, with a focus on innovative solutions that address specific user demands [11][14]. - Liu Jingkang emphasizes learning from both successful and unsuccessful strategies of competitors to avoid pitfalls in product development [12][13]. Group 4: Leadership and Company Culture - Liu Jingkang is known for his hands-on approach to leadership, often making significant decisions about product development, even at the cost of previous investments [13]. - The company culture encourages creativity and innovation, with Liu Jingkang actively involved in brainstorming product ideas during the early stages of the company [15].

最近，苹果把对日本市场的抽成比例大砍一刀，以前是普遍征收30%苹果税，不管你是用苹果手机给游戏氪金，还是下载付费软件，都得交30%过路费。 现在它对日本把过路费降到10%到26%了，甚至还可以更低，因为它开放了第三方的应用商店，下载软件跟交易只收5%的核心技术费。而这一切都是因为 日本法律上对苹果重拳出击，出了一个《特定智能手机软件竞争促进法》，说苹果不降税那就是垄断，就要大罚款，把苹果给整怕了。 | 市场 | 抽成比例 | 特殊政策 | | --- | --- | --- | | 目本 | 10%-26% | 开放第三方应用商店,仅收5%核心技术费 | | 美国/欧盟/韩国 | 降低抽成 | 开放支付渠道，美国外部链接支付可零抽成 | | 中国 | 大企业30%,小企业15% | 保持全球最高税率,未开放Ve。滋装交门 | 细数一下现在苹果在全球的主要市场里面，只有对中国还保持着大企业收30%，小企业收15%的全球最高税率，在美国、欧盟甚至韩国，苹果都是一遍降 税一边放开支付渠道。像美国的苹果用户，用外部链接支付甚至可以零税收，但是在中国，苹果是完全封闭的状态，没有办法用外部链接支付，买同样的 软件，充同样 ...

水皮杂谈 一家之言 兼听则明 偏听则暗 卷土重来 盘面消息 A股三大指数今日集体走强，截止收盘，沪指涨0.69%，收报3917.36点；深证成指涨 1.47%，收报13332.73点；创业板指涨2.23%，收报3191.98点。 沪深两市成交额达到 18619亿，较上一交易日放量1360亿。 老水看盘 证券是重要的市场风向标，对于绝大多数散户投资者而言，这一指标具有极高的参考价值。它 既反映了市场人气与情绪，也体现了资金的流向意愿。 截至收盘，上证指数上涨 0.69% ，深成指上涨 1.47% ，创业板指上涨 2.23% ，科创板指 上涨 2.4% 。从四大指数的表现来看， 今天 行情核心集中在科技股领域。 事实上也是如 此， "易中天"这三个 个股涨幅显著：中际旭创上涨 8.01% ，新易盛上涨 6.61% 并创下 466.66 元 / 股的历史新高，天孚通信上涨 4.19% 。 "纪联海"涨势会相对偏弱， 海光信 息上涨 5.44% ； 工业富联上涨 3.98% ；寒武纪高开低走后再度拉升，最终上涨 1.32% 。半导体产业链相关个股同样表现亮眼，中芯国际上涨 6.06% ，华虹公司上涨 4.49% ，商 ...