Core Viewpoint - Samsung's new Galaxy Z TriFold smartphone faces significant market scrutiny and criticism, particularly from tech influencer Luo Yonghao, as it attempts to compete in the high-end market against Huawei's offerings. The shift in market share dynamics highlights Samsung's declining presence in China, which has become the largest market for foldable smartphones globally [1][3]. Group 1: Product Overview - The Galaxy Z TriFold features a dual-hinge design that allows it to unfold into a tablet-sized device, with a launch price of approximately 3.59 million KRW (around 17,302 RMB or 2,450 USD) set for December 12 in South Korea [1]. - The device boasts a thickness of only 3.9 mm when unfolded and includes a 5600 mAh battery, marking the largest battery capacity for Samsung's foldable phones to date [2]. Group 2: Market Position and Strategy - Samsung's market strategy contrasts with Huawei's localized approach, focusing on global product line standardization and scale innovation, which has led to concerns about product-market fit in China [3]. - As of Q3 2025, Samsung is absent from the top five smartphone manufacturers in China, a stark contrast to its 20% market share in 2013 [4][6]. Group 3: Historical Context and Challenges - Samsung's decline in China began around 2016, exacerbated by the Note 7 battery incident and the rise of local brands like Huawei and Xiaomi, leading to a market share drop to below 1% by 2022 [5]. - Despite regaining the top position globally with a 20.8% market share in 2023, Samsung's struggles in the Chinese market are attributed to intense competition and a lack of localized strategies [6][9]. Group 4: Future Outlook - The success of the Galaxy Z TriFold in China remains uncertain, as Samsung's internal challenges and market dynamics pose significant hurdles [10].

Core Viewpoint - The article discusses the evolution and acceptance of foldable smartphones, highlighting their transition from skepticism to mainstream adoption, driven by user demand for enhanced productivity and multitasking capabilities [3][4][44]. Group 1: Market Evolution - The foldable smartphone market has seen significant growth, with projected shipments in China exceeding 10 million units by 2024, indicating a shift from niche to mainstream [4][42]. - Initial skepticism surrounding foldable phones mirrors the early criticism faced by the first iPhone, showcasing a pattern of innovation facing initial resistance [3][4]. - The article emphasizes that foldable screens are now recognized as essential tools for productivity, particularly for business and creative professionals [4][6]. Group 2: User Trust and Hardware Reliability - User concerns about hardware reliability, such as screen durability and hinge stability, are critical for gaining trust in foldable devices [8][10]. - Over 50% of users prioritize screen reliability, with a focus on scratch resistance and crease control, followed by hinge stability and overall performance [10][12]. - Huawei has positioned itself as a leader in the foldable market by addressing these hardware concerns through innovative engineering solutions [12][19]. Group 3: Technological Innovations - The introduction of advanced hinge designs, such as the waterdrop hinge, has significantly improved the durability and user experience of foldable phones [13][14]. - The transition from CPI to UTG (Ultra-Thin Glass) for screen materials has enhanced the hardness and usability of foldable devices, making them more appealing to consumers [15][16]. - Huawei's Mate X7 features multiple upgrades, including a robust hinge and advanced materials, providing enhanced protection and user experience [18][19]. Group 4: User Experience and Ecosystem - The article highlights the importance of seamless user experience, with over 55% of users concerned about the functionality of screen switching and multitasking capabilities [21][23]. - Foldable phones enable unique use cases in social media, photography, and productivity, allowing for more efficient workflows and creative expression [26][27][30]. - Huawei's diverse foldable product lineup caters to various user needs, from social interaction to productivity, reinforcing the brand's commitment to enhancing user experience [29][30]. Group 5: Future Outlook - The foldable smartphone category is positioned as a reliable alternative to traditional smartphones, with 95.5% of consumers expressing willingness to switch to foldable devices in the future [44]. - Huawei's approach focuses on long-term user trust and experience rather than short-term sales spikes, indicating a strategic vision for the future of mobile technology [41][44].

（原标题：印度政府欲强制启用卫星定位监控 苹果等三大手机产商联名反对） "专门用于监控的设备" 一位直接了解此事的消息人士称，印度内政部原定于周五召开智能手机行业高层管理人员会议，讨论此 事，但会议被推迟。目前，印度信息通信部和内政部尚未做出任何政策决定。 利用A-GPS技术——这种技术通常只有在某些应用程序运行或进行紧急通话时才会开启——能够为当局 提供足够精确的定位数据，足以让追踪者将用户定位到大约一米的范围内，据技术专家称。 英国工程与技术学会数字取证专家Junade Ali说道："这项提议将使手机成为专门的监控设备。" 美国电子前沿基金会的安全研究员Cooper Quintin表示，他尚未听说其他地方有类似这样的提议，称 其"相当可怕"。 智通财经APP获悉，据文件、电子邮件以及五位消息人士透露，印度政府正在审查一项电信行业提案， 该提案旨在强制智能手机厂商启用卫星定位追踪功能，以便进行更有效的监控。此举遭到了苹果 (AAPL.US)、谷歌(GOOGL.US)和三星的反对，原因是出于隐私方面的考虑。 本周，印度总理纳伦德拉·莫迪政府被迫撤销了一项要求智能手机制造商在所有设备上预装一家国有网 络安全应用 ...

Group 1 - iPhone Air has recorded a historic depreciation rate of 44.3% within ten weeks of its release, making it the least valuable model from Apple in the second-hand market [3][4][5] - In contrast, the iPhone 17 series has a lower average depreciation rate of 34.6%, outperforming the previous iPhone 16 series at 39% and the iPhone 15 series at 31.9% [4][5] - The depreciation range for the iPhone Air across all storage configurations is between 40.3% and 47.7%, with the 1TB version experiencing the most significant drop [4][5] Group 2 - Micron Technology announced its exit from the consumer-grade Crucial business, focusing entirely on enterprise-grade and high-bandwidth memory (HBM) [7][8] - The decision is driven by the surge in demand for memory and storage in AI-driven data centers, leading to a tight supply-demand situation [7][8] - Micron's HBM product revenue has become a core profit source, with projected market growth from $4 billion in 2023 to $25 billion by 2025, reflecting a compound annual growth rate of over 150% [8] Group 3 - Apple announced the retirement of its environment and policy head, Lisa Jackson, effective January 2026, with Jennifer Newstead from Meta set to succeed her [10][11] - This leadership change indicates a strategic adjustment in Apple's approach to environmental and social governance [10][11] Group 4 - The iPhone 17 series has achieved a global market share of 24.2%, marking a record high for Apple [33][34] - The strong performance during the Double 11 shopping festival in China was primarily driven by the demand for the iPhone 17 series, which saw a year-on-year sales increase of over 100% for the base model [33][34] - The iPhone 17 series has outperformed the iPhone 16 series in sales, with significant growth noted in the Chinese market [34]

Core Viewpoint - Xiaomi's stock price has experienced significant volatility, with a nearly 100% increase in the first half of the year followed by a decline of over 35% from its June peak, reflecting the challenges faced by the company and its founder Lei Jun's influence on market sentiment [1] Group 1: Stock Buyback and Market Response - Lei Jun's recent investment of over 100 million HKD in Xiaomi shares and the company's aggressive stock buyback strategy, with a single buyback amount reaching up to 400 million HKD, are seen as efforts to instill confidence in the market [1] - Following these actions, Xiaomi's stock price rose over 5% on November 25, returning above 40 HKD, indicating a potential recovery trend [1] Group 2: Business Challenges - Xiaomi's smartphone business, a cornerstone of the company, reported a revenue of 46 billion CNY in Q3 2025, a year-on-year decline of 3.2%, with a gross margin dropping to 11.1% due to rising manufacturing costs and aggressive pricing strategies from competitors like Huawei [2] - The IoT and lifestyle products segment, while showing a revenue growth of 5.6% to 27.6 billion CNY in Q3, faced a 15.7% decline in smart home appliance revenue, attributed to reduced government subsidies and intensified competition [2] Group 3: Automotive Business and Trust Issues - Xiaomi's automotive division has seen rapid growth, with the 500,000th vehicle rolling off the production line in just over a year, but it faces scrutiny over product quality and marketing practices, leading to a potential trust crisis [4] - Controversies surrounding the SU7 Ultra model, including legal disputes over marketing claims, have raised questions about the integrity of the company's messaging and the founder's accountability [5][6] Group 4: Industry Implications - The challenges faced by Xiaomi reflect broader issues within the Chinese electric vehicle industry, which is transitioning from a focus on hardware to software reliability and ethical data use, highlighting the need for improved transparency and communication [6] - The company's reliance on founder Lei Jun's personal brand and the need for a shift from a "celebrity-driven" model to one based on product reliability and service quality are critical for regaining consumer trust [7]

Core Insights - The launch of Doubao Assistant, a collaboration between ByteDance and ZTE, represents a significant advancement in AI technology, allowing users to perform complex tasks on their smartphones through voice commands [2][34] - The product has generated considerable buzz, selling out within a day and causing ZTE's stock to surge, with resale prices reaching up to 9999 yuan, significantly above the original price [5][35] - Despite initial excitement, there are growing concerns regarding the practicality, privacy implications, and potential limitations of the Doubao Assistant, leading to some backlash from app developers [7][37] Product Overview - Doubao Assistant is designed to operate like an intelligent agent, enabling users to install apps, track deliveries, and compare prices across platforms with simple voice commands [2][34] - The assistant's capabilities are compared to Apple's App Intent, which aims to enhance user interaction with applications, although it has yet to be fully realized [10][38] - The integration of AI into smartphones is seen as a critical step in establishing a new user interface for the AI era, positioning Doubao Assistant as a potential entry point for user needs [12][40] Market Response - The product's launch has led to a rapid sell-out and a spike in ZTE's stock price, indicating strong market interest [5][35] - However, skepticism exists regarding the assistant's utility, with only 19% of surveyed consumers willing to pay a premium for AI capabilities in smartphones [17][44] - Concerns about privacy and data security have emerged, with users needing to relinquish significant control for the assistant to function effectively [21][48] Competitive Landscape - Doubao Assistant's approach to AI integration in smartphones is seen as a challenge to existing app ecosystems, potentially disrupting traditional revenue models for app developers [24][55] - The assistant's ability to streamline user interactions may threaten the business models of major apps, which rely on user engagement for advertising revenue [55][57] - Resistance from app developers has already been noted, with reports of compatibility issues and app malfunctions when using Doubao Assistant [58][60] Future Prospects - The long-term viability of Doubao Assistant remains uncertain, with industry experts suggesting that while the technology is in its infancy, it could pave the way for future innovations in AI [32][62] - The potential for Doubao Assistant to redefine user interaction with smartphones is acknowledged, but significant hurdles in user adoption and technical execution must be overcome [15][60] - The ongoing evolution of AI technology and its integration into consumer products will require careful navigation of regulatory and ethical considerations [60][62]

除苹果外，OPPO、vivo分别实现12%、8%的同比增 长，其他品牌阵营也有12%的涨幅，但华为、小米、荣 耀则因产品节奏、市场策略等因素销量下滑。 【天极网手机频道】根据Counterpoint Research的最新数据显示，双11周期(2025年10月20日起三周) 内，苹果在市场中的占比从2024年的19%上升至26%，同比销量增长37%。此次销量增长，iPhone 17系 列是主力，基础版机型在存储、光学系统等配置升级的前提下保持了与去年iPhone 16一样的售价，销 量同比翻倍;Pro及Pro Max机型也实现了增长，叠加双11期间300元的优惠，进一步吸引了消费者。 除苹果外，OPPO、vivo分别实现12%、8%的同比增长，其他品牌阵营也有12%的涨幅，但华为、 小米、荣耀则因产品节奏、市场策略等因素销量下滑。 Counterpoint指出，如果不看苹果的情况下，市场同比下降5%，反映出更为谨慎的消费者环境以及 Q4开局动力不足。今年不少消费者已在年初借助补贴提前购机。此外，各大智能手机品牌的战略重心 转向新推出的高端设备，虽然可能提高了平均售价，但也抑制了整体销量规模。 Counterp ...

来源丨凤凰网财经《公司研究院》 "除了比华为那种方案更厚，意义在哪？"近日，科技名人罗永浩对三星最新三折叠手机Galaxy Z TriFold的犀利吐槽，迅速在中文互联网上引发热 议。 这款被三星寄予厚望、旨在高端市场与华为Mate XTs等产品展开竞争的三折叠手机，正面临市场审视。这一落差，在市场份额的变化中尤为明显。 2013年，三星曾占据中国智能手机市场20%的份额，稳坐头把交椅。当时，华为尚在运营商渠道挣扎，小米才刚刚起步。然而时过境迁，自2023年 起中国成为全球最大折叠屏手机消费市场，而在如今的中国市场前五榜单中，已难觅三星踪影。 01 1.7万的三星三折叠手机遭罗永浩吐槽 据三星官网介绍，这款名为Galaxy Z TriFold的手机，创新性地采用了双铰链设计，通过双铰链设计，手机可展开至平板电脑尺寸。 三星计划于12月12日在韩国率先首发该机型，其售价定为359万韩元（约合17302元人民币），换算成美元约为2450美元。 从设计来看，三星和华为的三折叠手机存在较为明显的差异。三星的TriFold设备采用双侧内折铰链设计，而华为Mate XT在折叠时则呈现出独特的Z 字形结构。值得一提的是，T ...

Core Insights - Huawei's "See Extraordinary" brand initiative collaborates with the "Thirteen Invitations" team to present a new character documentary featuring actor Tony Leung, emphasizing the spirit of "seeing the extraordinary in the ordinary" [1][9] Group 1: Actor's Journey - Tony Leung, a prominent figure in Chinese cinema, has portrayed numerous iconic characters and won the Hong Kong Film Award for Best Actor at the age of 26, despite facing a challenging period of street vending later in life [3][5] - Leung has played at least 120 different roles over his career, integrating keen observation and life experiences into his performances, which he believes enrich his understanding of characters [5][7] Group 2: Definition of "Extraordinary" - Leung expresses a desire to be recognized as an outstanding actor rather than a mere star, emphasizing that an actor's value lies in their ability to understand and embody their roles [7][9] - His interpretation of "extraordinary" aligns with Huawei's brand philosophy, which promotes the idea that true excellence is achieved through persistent effort and accumulation rather than sudden recognition [9][14] Group 3: Huawei Mate 80 RS Extraordinary Master - The Huawei Mate 80 RS Extraordinary Master features significant advancements, including a BT.2020 ultra-wide color gamut screen that enhances color representation by 30% compared to mainstream DCI-P3 [11] - The device also boasts a dual-membrane stereo unit for improved sound quality, making it suitable for creative users [12] - Huawei has positioned the Mate 80 series competitively, with a starting price of 4699 yuan, which is 800 yuan lower than previous models, along with various promotional offers to enhance its market appeal [12][14] Group 4: Brand Philosophy and User Engagement - The "See Extraordinary" theme reflects both Leung's extensive career and Huawei's commitment to continuous innovation in technology and design, showcasing that extraordinary results stem from long-term dedication and the pursuit of improvement [14]

12月5日，南下资金今日净买入港股13.41亿港元 北水关注个股 小米集团-W：据XiaomiTime，近日一款型号为2608BPX34C的小米新机出现在GSMA数据库，业内普遍 推测该机型为小米MIX系列的三折叠手机——MIX Trifold。目前全球只有华为和三星推出了三折叠屏手 机，小米很可能成为第三个量产厂商。 美团-W：据美团Meituan，《外卖平台服务管理基本要求》（GB/T46862—2025）推荐性国家标准已于 近日正式发布实施。美团作为标准起草单位之一，深度参与了本标准的研制、起草与论证工作。 比亚迪股份：12月4日，比亚迪汽车官方披露，唐家族11月热销13252辆，累计销量突破88万辆。 其中：净买入小米集团-W 30.13亿、盈富基金26.06亿、美团-W 6.07亿、零跑汽车3.92亿、比亚迪股份 3.39亿、工商银行2.86亿、建设银行1.83亿、中国平安1.5亿、中国人寿1.21亿； 净卖出阿里巴巴-W 17.76亿、腾讯控股14.45亿、ASMPT 4.39亿、快手-W 2.56亿、中芯国际1.18亿。 | | 0 - MX 100 | | | EAST DE THE | | ...