Core Insights - The Chinese smartphone market has entered a phase of stock competition, with cost pressures and market differentiation posing core challenges [1] - The competition logic has fundamentally shifted from price wars to a focus on precise user targeting, emphasizing the importance of understanding consumer needs [1][30] - JD.com has launched innovative weekly smartphone sales rankings based on user demographics, providing valuable insights for both consumers and manufacturers [1][34] Group 1: Market Dynamics - The updated rankings reflect the competitive landscape among different consumer segments, showcasing brand recognition and product penetration in various demographics [4][34] - Huawei dominates the high-end business segment with its Mate 80 model, while vivo and OPPO have made significant inroads in the high-end market [4][35] - The competition among younger consumers is intense, with OPPO and vivo leading in the female and male college student categories, respectively [4][34] Group 2: Brand Strategies - Leading brands like Huawei, OPPO, and vivo are focusing on long-term, targeted user engagement strategies to build competitive advantages [8][37] - Huawei's user engagement is centered around its "Huawei Fan" ecosystem, which facilitates deep connections with core users and incorporates their feedback into product development [8][39] - OPPO employs a dual-series strategy with its Find and Reno lines to cater to high-end and younger demographics, enhancing brand recognition through targeted marketing efforts [8][43] Group 3: Collaborative Efforts - JD.com plays a crucial role as a collaborative partner for brands, leveraging its user data and resources to enhance user engagement and conversion rates [8][39] - The partnership between JD.com and Huawei has led to effective high-end user acquisition strategies, including targeted marketing events and exclusive offers [8][41] - OPPO's collaboration with JD.com has amplified its user engagement initiatives, resulting in significant growth in its high-end market presence [8][45] Group 4: Future Outlook - The smartphone market in 2026 is expected to see intensified competition, with brands needing to focus on deep user insights and emotional connections to succeed [30][56] - JD.com's unique position as a direct channel to high-quality users will be pivotal for manufacturers seeking to innovate and grow [30][56] - The key to success will be the ability of brands to build long-term, emotional relationships with users throughout the entire product lifecycle [30][56]

Omdia: Global Tablet Shipments Grew 10% in 2025 as Market Nears SlowdownFeb 4, 2026 5:19 AM Eastern Standard Time# Omdia: Global Tablet Shipments Grew 10% in 2025 as Market Nears SlowdownShare---Worldwide tablet shipments and growth (2016 – 2025)LONDON--([BUSINESS WIRE])--The global tablet market continued its recovery in 2025, with shipments rising 9.8% year on year to 162 million units according to the latest research from Omdia. Momentum was strongest in the holiday quarter, with Q4 2025 shipments reachi ...

来源：环球网 【环球网科技综合报道】2月4日消息，据hardwarezone援引彭博社报道称，苹果公司正在积极探索一款 采用"方形翻盖式"设计的可折叠iPhone。这一动向表明，尽管市场普遍预期苹果将在2026年晚些时候率 先推出书本式（横向对折）可折叠iPhone，但该公司并未排除同步开发翻盖式（竖向对折）机型的可能 性。 据介绍，这款翻盖式可折叠iPhone将主打便携性与口袋友好型设计，目标用户群体更注重设备的小巧轻 便，而非追求极致的大屏体验。通过引入不同形态的可折叠产品，苹果有望覆盖更广泛的市场细分，满 足多样化消费者需求。 事实上，关于苹果研发可折叠设备的传闻由来已久。早在2021年，外媒就曾披露，苹果已开发出两款可 折叠iPhone原型机，其中一款即为采用柔性OLED屏幕的翻盖式设计。2024年，相关消息再度浮现，称 苹果内部正积极推进翻盖式可折叠设备的测试与评估。 不过，彭博社记者马克·古尔曼（Mark Gurman）也强调，目前这款翻盖式可折叠iPhone仍处于早期探索 阶段，"远未保证会上市"。苹果对新产品上市持高度谨慎态度，尤其在涉及全新形态和用户体验的关键 技术节点上，通常会进行多轮验证 ...

吉他没有琴弦，却能奏响美妙乐章。只需指尖轻触光带，配合手机APP提示，新手也可弹出心仪曲目。 日前，在央视新闻推出的《东莞造好物·美学奇妙游》现场，主持人撒贝宁忍不住点赞由东莞制造的全 球首款无弦智能吉他。 风靡全球的无弦吉他、双轮足机器人"刑天"、四足机器狗"星仔"……近年来，东莞制造频频出圈，越来 越多的"东莞好物"流向千家万户。这些产品背后，是东莞将科技创新和产业创新深度融合，打造科技成 果转化新高地的久久为功。 技术的持续跃迁，源自企业真金白银的投入。2024年数据显示，生益科技、生益电子、奥海科技、捷邦 科技等企业的研发投入居于上市莞企前列。其中，生益科技以11.56亿元研发投入成为"研发之王"，研 发占比达5.67%；奥海科技、生益电子分别投入3.52亿元和2.84亿元；捷邦科技研发人员占比近6%，远 超行业水平。 高强度研发投入 用户输入"是否存在一种导电不导热且密度比铁低的材料"，由松山湖材料实验室发布的材料科学AI工具 MatChat AI智能体瞬间就可给出靠谱答案，并提供参考文献。中国科学院物理研究所研究员、博士生导 师刘淼表示："MatChat AI智能体从28万篇材料科学、物理、化学论 ...

数码博主对比了两款机型 荣耀官方旗舰店客服对此回应观察者网说，Power2是荣耀自主研发的全新产品，搭载了第二代荣耀鸿雁通信、10080mAh青海湖电池和天玑8500Elite芯片， 都是荣耀的技术亮点。 客服称，Power2采用的是幻夜黑、雪原白、旭日橙三种原创配色，搭配旗舰级金属中框与一体化冷雕工艺，是独立设计的科技美学造型，和别的品牌不一 样。 海外科技媒体"wccftech"近日报道，荣耀发布的Power2机型机身外观"酷似"苹果iPhone 17 Pro与iPhone 17 Pro Max的设计。荣耀还为该机采用了与苹果"宇宙 橙"近似的"旭日橙"配色。 "wccftech"报道称，荣耀Power2还在系统中推出了对标苹果液态玻璃界面的自研版本，用户可手动切换开启。该机型看似配备三颗摄像头，实则仅两颗为有 效镜头，另一颗为装饰性设计，此举是为了让机型外观与iPhone 17 Pro、iPhone 17 Pro Max更为相似。 "wccftech"发现，荣耀为Power2搭载了10080毫安时超大容量电池，机身厚度仅7.98毫米，比iPhone 17 Pro Max更为纤薄，这块电池还能充当充电宝为 ...

Core Insights - Apple is reportedly preparing to launch its first foldable iPhone, the iPhone Fold, in the second half of 2026, followed by the iPhone Flip in 2027, as part of a broader "foldable matrix" strategy that will encompass its entire product line, including iPads and MacBooks [3][4][5][9]. Group 1: Product Launch Timeline - The first phase involves the iPhone Fold, a book-style device with an internal screen size of approximately 7.9 to 8 inches, aimed at blurring the lines between iPhone and iPad [6][8]. - The second phase will introduce the iPhone Flip in 2027, targeting fashion and portability, aligning with Apple's existing product segmentation [9][11]. Group 2: Technological Innovations - Apple is developing advanced flexible screen technologies, including a self-healing screen that can repair minor scratches and dents through a unique polymer material [15][16][17]. - Another innovation includes a flexible display with integrated heating elements to prevent screen brittleness in cold temperatures, ensuring durability in extreme conditions [21][25]. Group 3: Market Strategy - Apple's foldable strategy is designed to stimulate demand in a market where traditional smartphones are experiencing diminishing returns, particularly among users reluctant to upgrade from older models [37][38]. - The company aims to leverage its control over iOS, iPadOS, and macOS to ensure a seamless software ecosystem that adapts to the new foldable devices, enhancing user experience [38][39]. Group 4: Future Product Integration - The foldable MacBook, expected to be a 20.3-inch device, will merge the functionalities of iPads and MacBooks, potentially transforming the user interaction paradigm [13][30][34]. - This integration reflects Apple's strategy to create a cohesive ecosystem where devices share the same chip architecture and cloud data, ultimately enhancing user engagement within the Apple ecosystem [40][41].

Investment Rating - The report assigns a "Buy" rating to Hisense Visual Technology with a target price of 29.87 CNY, based on its strong market position and growth potential [5][7][15]. Core Insights - Hisense Visual Technology is a leading global provider of display solutions, focusing on high-end markets and technological innovation. The company aims to enhance its global market share through a multi-scenario display strategy, covering home, commercial, and automotive applications [1][3][24]. - The company has achieved significant growth in both domestic and international markets, with a projected revenue of 58.5 billion CNY and a net profit of 2.2 billion CNY for 2024. Its global TV shipment market share is expected to reach 14.9% by mid-2025 [1][3][5]. Summary by Sections Company Overview - Hisense Visual Technology is a top-tier display technology provider, focusing on innovation in LCD, laser display, and LED technologies. The company has a comprehensive product range, including TVs and commercial displays, and is expanding into next-generation technologies like 8K and Mini/Micro LED [24][25]. Competitive Position in China - In the first half of 2025, Hisense's online and offline retail market shares in China reached 24.1% and 29.6%, respectively, showing significant growth since 2019. The launch of the Vidda brand has targeted younger consumers, contributing to a 11% market share in online retail by 2024 [2][3][5]. Global Expansion Strategy - Hisense's international revenue has grown from 5.8 billion CNY in 2013 to 28 billion CNY in 2024, accounting for 48% of total revenue. The company aims to become the world's leading TV brand, with a market share of 14.9% in global shipments by mid-2025 [3][5][24]. Business Model and Governance - The company underwent a mixed-ownership reform in 2020, introducing strategic investors to enhance operational efficiency. The implementation of employee stock ownership plans aims to align employee interests with company performance [4][6][24]. Financial Performance and Projections - Hisense's revenue is projected to grow from 53.6 billion CNY in 2023 to 74.3 billion CNY by 2027, with a compound annual growth rate (CAGR) of 8.43%. The net profit is expected to increase from 2.1 billion CNY in 2023 to 3 billion CNY in 2027 [6][15][5]. Valuation and Investment Thesis - The report concludes that Hisense's strong brand influence and continuous technological advancements justify a target price of 29.87 CNY, supported by both relative and absolute valuation methods [5][15].

Summary of Apple Inc. (AAPL) January 2026 App Store Spending Conference Call Company Overview - **Company**: Apple Inc. (AAPL) - **Date**: January 2026 Key Industry Insights - **App Store Spending Growth**: - January 2026 App Store spending grew approximately **7% year-over-year (yoy)**, an acceleration from **6% yoy** in December 2025 [1][3] - This growth is below the average January growth rate of **8% yoy** from 2022 to 2025 and below Apple's guidance for **14% yoy** growth in the Services segment for F2Q26 [3][2] Core Financial Metrics - **Net Revenue**: - Apple App Store's global net revenue reached **$7.08 billion**, reflecting a **6.9% yoy** increase, surpassing the **5.7% yoy** growth in December 2025 [2][9] Category Performance - **Revenue by Category**: - **Games**: Comprising **45%** of total revenue, improved to **-3% yoy** from **-4% yoy** in December 2025 [4] - **Entertainment**: Contributed **14%** of total revenue, accelerating to **+10% yoy** from **+3% yoy** in December 2025 [4] - **Photo & Video**: Accounted for **8%** of total revenue, stable at **+18% yoy** [4] Geographic Performance - **Spending Trends by Geography**: - **United States**: Stable growth at **+3% yoy**, representing **36%** of total spending [7] - **China**: Improved to **-1% yoy** from **-5% yoy** in December 2025, accounting for **19%** of total spending [7] - **Japan**: Improved to **-1% yoy** from **-3% yoy** [7] - **United Kingdom**: Growth accelerated to **+24% yoy** from **+19% yoy** [7] Competitive Landscape - **Top Downloaded Apps**: - Three of the top ten downloaded gaming apps on the US App Store (Roblox, Discord, Fortnite) feature off-app payment options, with Roblox and Fortnite offering discounts and rebates to incentivize users [8] Future Outlook - **Services Growth**: - Despite near-term risks related to off-app payment adoption, the expectation remains that App Store spending will continue to be a significant growth driver for Apple Services revenue [1][31] Investment Recommendation - **Rating**: - The recommendation for Apple Inc. is a **Buy** with a 12-month target price of **$330**, reflecting a **34X** multiple on next twelve months plus one year earnings per share (EPS) [25] Key Risks - **Consumer Demand**: Potential weakening in consumer demand for products and services, particularly iPhones, which generated approximately **50%** of revenue in F2025 [26] - **Supply Chain Disruption**: Risks associated with geopolitical tensions affecting global trade and reliance on key suppliers [27] - **Intensifying Competition**: Competition across various product lines and services, particularly in video streaming [28] - **Regulatory Risks**: Increased scrutiny that could impact competitive advantages [29] Conclusion - The overall sentiment remains positive for Apple Inc. with expectations of continued growth in services, despite facing challenges in product demand and regulatory scrutiny. The App Store is anticipated to play a crucial role in sustaining revenue growth moving forward.

Core Viewpoint - Samsung Display is set to begin mass production of 8.6-generation OLED panels starting in May 2023, which will be used in Apple's upcoming OLED MacBook Pro models [1] Group 1: Production Plans - Samsung Display has shared its plans with partners to start mass production of glass substrates for the A6 production line in May [1] - The introduction of glass substrates indicates that the production line is officially entering the mass production phase [1] Group 2: Product Applications - The OLED panels produced from the A6 production line will be utilized in Apple's first OLED MacBook Pro, expected to be released at the end of this year [1] - The new MacBook Pro will offer two model sizes: 14 inches and 16 inches [1]

Core Viewpoint - Clawdbot, a new AI assistant, has gained significant attention in the tech industry for its ability to perform tasks autonomously, such as video editing, coding, and stock trading, positioning itself as a personal assistant rather than just a chat interface [1][3]. Group 1: Clawdbot's Features and Capabilities - Clawdbot operates as a full-time AI employee, reminiscent of "Jarvis" from movies, and has contributed to a surge in demand for Apple's Mac mini [3]. - It is designed to execute various tasks, including software installation, script execution, and email communication, fulfilling the expectations of an intelligent agent [5]. - Clawdbot's self-hosted design allows it to operate independently while being cost-effective, distinguishing it from previous AI models that required expensive setups [5][8]. Group 2: Technical Aspects and Compatibility - Clawdbot's local deployment on macOS provides stability and reliability, enabling it to run 24/7 without crashing, which is crucial for users who need constant availability [10]. - The Mac mini is highlighted as the ideal hardware for Clawdbot due to its memory architecture, which allows efficient data exchange and high performance for AI applications [12][13]. - The cost-effectiveness of the Mac mini, priced at $499 for a model with an M4 chip and 16GB of memory, makes it a competitive choice compared to building a Windows PC with similar capabilities [13].