公司还表示，在中国的地位依然稳固。本季度与小米达成高端手机多年期协议，其销量逐年增长，将在全球及中国市场的产品中使用高通的芯 片，且小米会是首家推出下一代骁龙8 Elite芯片的OEM。过去几年，双方合作已从手机扩展到汽车、智能眼镜、可穿戴设备、平板电脑等领域， 这只是与中国OEM合作的一个例子，业务有利且可持续。 Q&A 问答 Q：你提到下季度手机业务预计环比增长 5%，尽管苹果占比降低。小米本季度增长显著，这在当前季度很典型，但投资者担心存在一定拉动。 能否说明增长驱动因素?是否有与中国相关的证据? （原标题：高通(QCOM.US)2025财年Q3电话会：QCT非苹果业务营收连续第二年同比增长超15%） 智通财经APP获悉，近日，高通(QCOM.US)召开2025财年第3季度业绩说明电话会。公司表示，本季度，QCT非苹果业务营收连续第二年同比增 长超15%；物联网、汽车业务预计分别增长20%、35%，并强化 "2029 财年汽车 + 物联网合计营收220亿美元" 目标信心。 财报显示，该季度高通QCT营收90亿-96亿美元，息税前利润率27%-29%；手机业务营收环比+5%(苹果收入下降但符合历史趋势，对 ...

Core Viewpoint - Samsung has officially confirmed the development of a tri-fold smartphone, aiming for a launch by the end of this year, with a strong emphasis on the integration of AI in its strategy [2][4]. Group 1: Product Development - Samsung plans to release a tri-fold smartphone, with the name yet to be finalized, focusing on product usability [4]. - The recently announced Galaxy Z Fold 7 and Z Flip 7 feature a thinner design, with the Fold 7 measuring 8.9mm when folded and 4.2mm when unfolded [5]. - The Fold 7 uses a custom Snapdragon 8 Elite chip, while the Flip 7 is powered by Samsung's Exynos 2500 chip, raising concerns about the latter's performance [8]. Group 2: AI Integration - Samsung aims to embed AI functionalities into its existing 400 million Galaxy devices by the end of the year, enhancing the smartphone's role as an AI partner [8][9]. - The company intends to expand Galaxy AI features across its product range, contingent on hardware capabilities [9]. Group 3: Future Projects - Samsung is collaborating with Google on a new XR headset project named Moohan, set to launch within the year [9]. - The development of Samsung's smart glasses is still in the early stages, with considerations for user experience and partnerships [11].

Core Viewpoint - The global high-end smartphone SoC market is projected to grow by 34% year-on-year in 2024, driven by strong consumer preference for high-end models and improvements in average selling prices (ASP) [1][4]. Market Trends and Uncertainties - The high-end smartphone SoC revenue growth is attributed to increased demand for high-end models and advancements in AI performance platforms [4]. - Qualcomm maintains market dominance with a 6% annual growth rate, despite losing some market share to Exynos chips in the Samsung Galaxy S24 series, with a recovery expected in 2025 due to the Galaxy S25 series [4]. - Samsung's Exynos chips have quadrupled revenue in the Galaxy S/A series, but a potential decline is anticipated in 2025, indicating instability in the Exynos technology route [4]. - HiSilicon has made a strong comeback in the Chinese high-end market, capturing a 12% revenue share in 2024, supported by deep integration with the HarmonyOS and a loyal user base [4]. - Media Tek's high-end smartphone SoC revenue nearly doubled, benefiting from the market performance of the Dimensity 9300 series and the launch of the Dimensity 9400 [4]. Analyst Insights - The high-end smartphone SoC segment contributed 52% of total Android smartphone SoC revenue in 2024, with intensified competition due to HiSilicon's return and Media Tek's accelerated expansion [6]. - Qualcomm's continued dominance is supported by collaborations with Samsung and Chinese smartphone manufacturers, while Media Tek's growth is primarily focused on the Chinese market, leveraging partnerships with brands like vivo and OPPO [6][7]. - Samsung's high-end product revenue saw a fourfold increase in 2024, largely due to the Galaxy S24 series, but may face a decline in 2025 due to the Galaxy S25 series not using in-house chips [7][9]. - HiSilicon's market performance is bolstered by the Pura 70 and Mate 70 series, with expectations to maintain the third position in the Android high-end market revenue share in 2025 [7][9].