2 月 5 日 消 息 ， 苹 果 2 月 5 日 向 iPhone 和 iP ad 用 户 推 送 了 iOS / iPadOS 26.3 RC （Release Candidate，发布候选版本） 更新，本次更新距离上次发布 Beta / RC 间隔 9 天。 苹果携手谷歌公司，共同合作简化跨平台换机流程，在 iOS 26.3 测试版中引入原生的"iPhone 转 Android"数据迁移工具。 该功能无需用户下载第三方应用或者使用复杂的线缆连接，仅需通过 Wi-Fi 和蓝牙连接，即可将照 片、短信、备忘录、密码及应用程序等核心数据 无线传输至安卓设备 。 该功能的实现逻辑基于简化的无线配对机制。用户只需将 iPhone 靠近目标安卓设备，确保两者均 已连接 Wi-Fi 并开启蓝牙，即可启动迁移程序。 系统提供了 两种配对方式 ：一是通过 iPhone 扫描 Android 设备上显示的二维码；二是输入特定 的会话 ID 和配对码。这种设计模仿了苹果生态内部（如旧 iPhone 转新 iPhone）的无缝体验，进 而提升跨平台数据转移的便捷性。 在数据兼容性方面，新工具支持迁移照片、短信、普通备忘录、应用 ...

刚刚过去的 2025 年对于三星来说，估计是挺不好过的。 不仅三折叠首发遇冷，更是整个三四季度都深陷内存涨价的泥潭—— 生产内存颗粒的 DS 部门给造手机的 MX 部门断供，也算是韩剧不得不品的经典桥段。 好在消息还是有一些的。 非常好笑的是，三星手机刚刚经历了一段最艰难的日子，三星集团的股价反而在 25-26 财年持续向好： 根据外媒 GSMArena 收到的爆料，三星 Galaxy S26 系列新品发布会将于 2 月 25 日召开，国行发布会则有可能在三月初： 因此要说 2026 年三星躺赢也没错——但和手机没关系，完全是闪存拉动的。 S26 系列的发布延期就是最直观的例子：往年在二月初举行的三星 S 系列发布会，直到现在都没什么动静。 图｜GSMArena 结合已有的爆料和行业趋势来看，S26 这一代的主要升级点仍然是偏软件的 Galaxy AI，以及更多智能的「软硬件结合」式进步。 但和 S25 系列全都在讲 AI 不同，今年的三星，还真拿出来了几个许久未见的硬件大更新。 图｜Samsung Newsroom 从现有的爆料信息和官方演示来看，S26 Ultra 上面的隐私屏幕或许可以称得上是近年来三星 ...

非洲手机之王，扛不住了。 传音控股近日预告，2025年将迎来营收和净利润双双下滑，并且净利润直接腰斩，创下上市以来的最差业绩。 专家分析，传音业绩糟糕背后有着多重原因。一是传音官方声称的存储价格上涨对成本和毛利率造成影响。数据显示，传音手机整体的均价仅为332.1 元，功能手机均价更是只有50.1元。存储价格上涨对聚焦中低端市场的厂商冲击最大。 二是非洲、南亚等主力市场竞争加剧，传音份额遭到挤压。2025年第三季度，虽然传音市场份额仍为第一，但小米和荣耀的增速分别达到34%和158%， 在增速上超过了传音。 为了对冲风险，传音也正在布局出行、储能等新业务。但目前手机业务在传音营收中的占比仍高达90%，新业务还远未能成为第二增长曲线。 利润腰斩，史上最差年度业绩 近日，传音控股公布了2025年业绩预告，抛出了一份糟糕的业绩。 公告显示，经财务部门初步测算，传音控股预计2025年实现营业收入655.68亿元左右，比上年同期减少31.47亿元左右，同比减少4.58%左右；预计2025年 实现归属于母公司所有者的净利润25.46亿元左右，比上年同期减少30.03亿元左右，同比减少54.11%左右。 从传音控股的表态来 ...

Core Viewpoint - Sony reported a 22% increase in third-quarter operating profit, surpassing analyst expectations, and raised its full-year forecast [1] Financial Performance - The operating profit for the third quarter rose by 22% compared to the previous year [1] - The increase in profit indicates strong performance and effective management strategies [1] Future Outlook - Sony has revised its full-year forecast upwards, reflecting confidence in continued growth and profitability [1]

Core Viewpoint - Apple products are being heavily promoted ahead of the Spring Festival, with significant discounts and subsidies available through JD.com, making it an attractive time for consumers to purchase Apple devices [1][10]. Group 1: iPhone Promotions - The iPhone 17 series offers a government subsidy of 500 yuan, with an additional trade-in discount of up to 800 yuan, bringing the price of the 256GB version down to 4699 yuan [3]. - The iPhone 17 Pro series includes a 300 yuan surprise coupon and a trade-in discount of up to 1100 yuan, with a total discount of 1500 yuan available, making the 256GB version available from 7699 yuan [3]. - Classic models like the iPhone 15 and iPhone 16 also have substantial discounts, with the 256GB iPhone 15 priced at 4099 yuan after subsidies, and the 256GB iPhone 16 starting at 5499 yuan [5]. Group 2: Mac Promotions - The MacBook Air M4 13-inch model is discounted by 1600 yuan, with a 15% government subsidy and a trade-in discount of up to 1100 yuan, resulting in a final price below 5269.2 yuan [7]. - The MacBook Pro M5 14-inch model has a price reduction of 800 yuan, with a government subsidy of 1500 yuan and a trade-in discount of up to 1000 yuan, leading to a starting price of 11138 yuan [7]. Group 3: Other Apple Products - The 11-inch iPad with A16 chip has a maximum discount of 1464 yuan, with a final price of 2416 yuan after applying a 15% government subsidy [9]. - The iPad Air 11-inch M3 version can be purchased for as low as 3699 yuan after discounts, and the Apple Watch Series 11 GPS 42mm version can be obtained for 1954 yuan after applying various subsidies [9]. - AirPods Pro 3 are available for 1599 yuan after a 5% government subsidy and a trade-in discount [9].

撰文 | 许嘉婧 编辑 | 巴芮 封面图源 | AI生成 集五福，就像过年必备的节目。不知从哪一年起，这项"祝福仪式"逐渐变成了一项标准化流程——除夕 前，举着手机或是对着家里的"福"字或是对着网上搜罗来的不同形态的"福"字，反复对焦、扫描、挨个 识别……但对曾经"一福难求"的敬业福的期待似乎在这一年又一年的重复操作中，悄悄降低了一些。 但今年的集福场景，开始不一样了。支付宝集福要给我们来点儿不一样的玩法，更轻盈，也更未来感和 科技范儿——用AI眼镜"扫福"。当然，前提是你要拥有一副先进的Rokid或夸克AI眼镜。 如果你有的话，那么你就可以秀一下。比如走在喜气洋洋的街道上，看见一个很特别的福字，然后停下 来，单手搭在时尚的多功能镜腿上，还可以顺便凹个造型，眼镜对准那幅字，点一下拍摄键，同时说一 句"扫福"，视野里的"福"字就被缓缓圈选，同时，口袋里手机就会微微一震，提示你"福卡已到账"。 怎么样？是不是还挺有未来感的？ 福气不再需要刻意寻找，目光所及，就能一气呵成完成"无感"集福。不仅如此，透过AI眼镜看世界，四 处都是隐藏彩蛋，今年的集福可不再仅仅限定于扫福字，甚至视线掠过"马"字或马形图案，也有可能意 ...

Group 1 - The iPhone 17 series has seen strong sales, highlighting that even with comparable product quality and lower prices, consumers still prefer the iPhone over domestic flagship models [1] - According to Counterpoint Research, by Q4 2025, Apple is projected to hold a 25% share of the global smartphone market while capturing 59% of the total revenue in the sector [3] - The average selling price (ASP) of smartphones globally reached a record high of $424, driven by the iPhone 17 series, with Apple's ASP at $1,011, significantly higher than competitors [4] Group 2 - Domestic brands like OPPO, vivo, and Xiaomi have much lower ASPs, with OPPO at $258, vivo at $233, and Xiaomi at $155, all below the average [6] - The combined ASP of OPPO, vivo, and Xiaomi is $646, which, while above the average, still falls short of Apple's ASP, which is 3.92 times that of OPPO, 4.34 times that of vivo, and 6.52 times that of Xiaomi [6] - Domestic brands are not only lagging in ASP but also in overall sales, as Apple has surpassed them in the domestic market, indicating a long road ahead for domestic brands, especially in the high-end segment [8]

本订阅号中所涉及的证券研究信息由光大证券研究所编写，仅面向光大证券专业投资者客户，用作新媒体形势下研究 信息和研究观点的沟通交流。非光大证券专业投资者客户，请勿订阅、接收或使用本订阅号中的任何信息。本订阅号 难以设置访问权限，若给您造成不便，敬请谅解。光大证券研究所不会因关注、收到或阅读本订阅号推送内容而视相 关人员为光大证券的客户。 报告摘要 海信视像：技术立企，全球经营 公司是世界一流的显示解决方案提供商，以"多场景大显示"为核心，构建横向覆盖家庭、商业、车载场 景，纵向深耕显示技术、芯片、云服务、AI的立体化矩阵。公司坚持"技术立企、稳健经营"发展战略，是 国内唯一在 LCD、激光显示和 LED 三大互补性技术全方面布局的显示企业，2024年公司实现营业总收入 585亿元，归母净利润22亿元。公司持续推进全球化发展战略，推进产品向大屏化、高端化、智能化方向 发展，完善全球供应链体系，推动市场份额提升。2025 年上半年海信系电视全球出货量占比 14.9%，其 在中国内地零售额市占率30.0%，位居第一名。 点击注册小程序 查看完整报告 特别申明： 2006年公司提出"大头在海外"的国际化战略，公司海外营 ...

Financial Data and Key Metrics Changes - The company reported record revenues of $12.3 billion and non-GAAP earnings per share (EPS) of $3.50 for fiscal Q1 2026, with non-GAAP EPS at the high end of guidance [5][17] - QCT revenues reached a record $10.6 billion, with strong year-over-year growth across automotive and IoT segments [17] - Licensing business revenues were $1.6 billion, with an EBT margin of 77%, driven by higher units and favorable mix [17] Business Line Data and Key Metrics Changes - QCT handset revenues reached a record $7.8 billion, benefiting from recently launched flagship smartphones [17] - QCT IoT revenues grew 9% year-over-year to $1.7 billion, driven by demand across consumer and networking products [17] - QCT Automotive revenues grew to $1.1 billion, up 15% year-over-year, reflecting increased demand for Snapdragon Digital Chassis platforms [17] Market Data and Key Metrics Changes - Global consumer demand for handsets, particularly in the premium and high-tier segments, exceeded expectations, with healthy sell-through observed [5] - The handset industry is expected to face constraints due to memory availability and pricing, particularly DRAM, as suppliers redirect capacity to meet AI data center demand [5][6] Company Strategy and Development Direction - The company is focused on expanding its presence in the premium and high-tier smartphone segments, with a dual flagship product strategy that has seen broad OEM adoption [6][7] - The company is also investing in AI-native smartphones and intelligent wearables, positioning Snapdragon platforms as the choice for the industry [7][8] - In automotive, the company aims to reinforce its technology leadership with multiple design wins and collaborations with major automakers [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the fundamentals of the handset business despite near-term challenges related to memory supply and pricing [19] - The company anticipates returning to prior growth trajectories for QCT handset revenues once memory supply normalizes [19] - Management remains optimistic about the long-term growth potential in automotive and IoT, with expectations for continued revenue acceleration [21] Other Important Information - The company completed the acquisition of Alphawave Semi, enhancing its high-speed wire connectivity technologies [15] - The company is actively engaging with leading hyperscalers and cloud service providers to develop data center solutions [14] Q&A Session Summary Question: What factors are driving the weakness in handset outlook beyond memory pricing? - Management indicated that the weakness is entirely related to memory availability, with strong microeconomic indicators and handset demand observed [26][27] Question: Is the automotive revenue growth driven by ADAS wins? - Management confirmed that the automotive pipeline continues to translate into revenue, with new car launches contributing to record revenues [29][30] Question: How is the company managing the memory supply situation? - Management clarified that they do not purchase memory directly but work closely with customers who do, ensuring flexibility with various memory providers [69][70] Question: What is the outlook for the data center business? - Management stated that progress is on track, with positive feedback from engagements with hyperscalers and cloud service providers [35][36] Question: How does the company view the impact of memory shortages on the overall handset market? - Management emphasized that the size of the handset market will be determined by memory availability, with expectations for premium and high-tier segments to remain resilient [40][76]

快科技2月4日消息，华为官方今天宣布，为了让更多消费者体验到HUAWEI Mate 80 Pro Max和 HUAWEI Mate 80 RS 非凡大师，华为商城将于2026年2月5日12:08开启"30天预约申购"。 在发货前，用户可随时取消预约申购单，并获全额退款。 值得注意的是，Mate 80 Pro Max和Mate 80 RS 非凡大师都是搭载高配版麒麟9030 Pro芯片的机型，预计 还是因为芯片供应导致的产品公供不应求。 这也是以往热门款华为旗舰经常会提供的购买方案，申购期内的订单将按照随机顺序发货，下单后耐心 等待即可，不用再每天蹲点抢购了。 下单后的用户，可在订单详情页查看根据排产状态刷新的预计发货时间，同一产品每个用户限购一台。 Mate 80 RS非凡大师 具体价格如下： Mate 80 Pro Max 16+512GB(麒麟9030 Pro)：7999元 16GB+1TB(麒麟9030 Pro)：8999元 极夜黑、极地银、极昼金、极光青四配色 20+512GB(麒麟9030 Pro)：11999元 20GB+1TB(麒麟9030 Pro)：12999元 玄黑、皓白、槿紫三配色 MAG ...