产品线扩张正值苹果寻求提振其最重要业务之际。iPhone业务占苹果总收入近一半，但近年来增长停滞，消费者换机周期延 长。在截至今年9月27日的苹果上一财年，iPhone的年度销售额同比增长4%至2090亿美元，部分得益于iPhone 17系列的设计 升级。 苹果发言人拒绝对上述消息置评，但股市投资者迅速回应。消息传出后，周二早盘刷新日低时跌超0.8%的苹果股价在午盘之 初曾转涨，后很快重回跌势，未到尾盘又转涨，最终惊险收涨近0.2%，暂别周一刷新的11月21日以来收盘低位。 折叠屏iPhone展开后7.7英寸 明年秋季亮相 新近消息显示，苹果计划未来两年内大幅扩充iPhone产品线。 据美东时间16日周二的报道，到2027年秋季，苹果将推出至少七款新iPhone机型，较目前的五款大幅增加，这是苹果在智能 手机设计上的最大胆尝试之一。 这轮iPhone的核心新品是苹果首款折叠屏iPhone，预计将于2026年秋季发布。媒体援引多位直接参与相关项目的人士称，这 款折叠设备展开后的宽度将大于高度，呈现类似小型iPad的外观。发布折叠手机一年后，2027年秋季，苹果还计划推出 iPhone 20周年纪念版，采用前后曲 ...

Core Viewpoint - Apple plans to launch at least seven new iPhone models by the fall of 2027, marking a significant expansion in its smartphone lineup, including its first foldable iPhone expected in fall 2026 [1][3]. Product Expansion Strategy - The foldable iPhone, codenamed V68, will feature a 7.7-inch inner display and a 5.3-inch outer display, aiming to be the first truly crease-free foldable smartphone [3][4]. - The iPhone 20, set to celebrate the 20th anniversary of the iPhone, will feature a full-screen design with no bezels, expected to launch in fall 2027 [1][13]. - Apple is also introducing the iPhone 17e, a budget model, in spring 2026, which will support wireless charging and feature the latest self-developed modem [8][9]. Technological Innovations - The iPhone 18 Pro series will incorporate under-display Face ID technology, eliminating the black oval area on the screen [6][10]. - The foldable iPhone will utilize advanced materials and a complex hinge design to achieve a high-quality display with minimal defects [3][4]. - New camera features will include a mechanical aperture for better light control, enhancing low-light photography capabilities [7]. Manufacturing and Production Plans - Apple plans to shift some production to India, starting with the iPhone 18, which will be produced in Bangalore before moving to China [11][12]. - The second-generation iPhone Air has been delayed to spring 2027 due to poor sales of the first generation, prompting a redesign to enhance its appeal [14]. Broader Product Development - Apple is developing a range of new products, including the next-generation AirTag, Apple Studio Display, and various MacBook models, with some expected to launch in early 2026 [16][17].

苹果正在酝酿 iPhone 产品线有史以来最大规模的扩张。 The Information 从多位苹果产品及供应商的有关人士了解到，苹果计划在未来两年内，将 iPhone 产品线从目前的 5 款扩张到至少 7 款之多，新产品中还 将包括苹果近年来最大胆的设计革新——可折叠 iPhone，以及四曲面 iPhone。 可折叠 iPhone，原来是「阔折叠」 多位直接参与项目的人士透露，首款可折叠 iPhone 将于 2026 年秋季发布。 这款内部代号为 V68 的折叠 iPhone，与目前市面上的主流折叠手机明显不同，采用的是横向折叠方案。展开后屏幕比例更偏横向，形态更接近一台 iPad，而非当下大多数折叠手机展开后近似正方形的设计。 具体来看，V68 在折叠状态下的外屏约为 5.3 英寸，比例更接近正方形。这个甚至比 iPhone mini 还要小的尺寸，再叠加略显特殊的屏幕比例，可能会在 一定程度上限制其折叠状态下的实用性。不过，相关人士也表示，最终的尺寸和比例仍存在调整空间。 折叠 iPhone 的前置摄像头将嵌入屏幕的左上角，配备光线、距离等传感器，但不具备面容 ID 功能，手机将大概率采用侧边指纹解锁 ...

Core Insights - Apple is expected to launch a series of new products in October, including the M5 iPad Pro, ahead of the overseas shopping season [3][5][64] - The M5 iPad Pro will feature incremental upgrades over its predecessor, with improvements in CPU and GPU performance, but will not represent a significant redesign [10][13][19] - A new entry-level MacBook is anticipated, utilizing the A18 Pro chip, which is positioned as a budget-friendly option for consumers [24][27][35] Product Launches - The M5 iPad Pro will maintain a similar design to the M4 version, with a 9-core CPU and a GPU performance increase of approximately 34% [10][13][18] - Other products expected to be announced include the A18 Pro/A19 Pro entry-level MacBook, M5 Vision Pro, AirTag 2, Apple TV 4K, and HomePod mini [8][24][49][55] - The new MacBook is likely to be priced around $699, making it an attractive option for new professionals [35][37] Performance Enhancements - The M5 iPad Pro's CPU shows a single-core score of 4133 and a multi-core score of 15437, reflecting a 10% and 16% improvement over the M4, respectively [13] - The M5 iPad Pro is expected to have a 10% improvement in energy efficiency and enhanced AI capabilities [18] - The new Apple TV 4K will upgrade to the A17 Pro chip, enhancing its gaming capabilities [55][58] Market Positioning - The M5 iPad Pro aims to redefine the iPad's market image, addressing declining sales despite its powerful specifications [66] - The entry-level MacBook is expected to gain popularity due to its competitive pricing and performance, potentially becoming a first MacBook for many consumers [67][68] - Apple's strategy appears to focus on enhancing the value proposition of its products in the face of market challenges [64][66]

Group 1 - Apple is expected to launch a series of new products between 2025 and the first half of 2026, including the iPad Pro with the M5 chip and a new smart home hub [1] - Key suppliers such as Hon Hai, TSMC, Largan, Compal, and Jeng Yuan are anticipated to benefit from Apple's upcoming product launches, contributing to a strong operational performance in the second half of the year [1] - Hon Hai remains Apple's most important assembly partner, securing a majority of the high-end model manufacturing share, with growth driven primarily by the iPhone 17 series [1] Group 2 - The iPad Pro with the M5 chip is expected to be launched as early as October, featuring enhanced processing power and a new upright selfie camera [1] - The MacBook Pro with the M5 chip may be delayed until early next year, while the MacBook Air with the M5 chip is planned for release in the first quarter of 2026 [1] - Vision Pro will receive updates with a new headband and faster processor, but a significant redesign is not expected until 2027 [2] Group 3 - The long-awaited AirTag 2 will feature a new wireless chip to enhance search range and positioning capabilities [3] - Apple is developing two external Mac displays, with at least one expected to launch by the end of this year or early next year [3] - The iPhone 17e is planned for release in the first half of next year, utilizing the same A19 chip as the iPhone 17 [3]

Core Viewpoint - Apple is set to hold its largest annual product launch event on September 10, introducing the next generation of iPhones, new smartwatches, and other accessories to strengthen its competitive position against rivals like Samsung, Google, Huawei, and Xiaomi [1][2]. iPhone Launch - The iPhone remains Apple's primary revenue driver, accounting for about half of its sales, and is crucial for its services ecosystem [2]. - Four new iPhone models will be launched: iPhone 17, iPhone 17 Pro, iPhone 17 Pro Max, and iPhone 17 Air, with a significant design upgrade for the high-end models [2][4]. - The iPhone 17 Air will be notably thinner at approximately 5.5 mm, featuring a single rear camera and a focus on aesthetics over battery life [3]. - The iPhone 17 series will not include a mini version, shifting towards larger models after previous smaller versions underperformed in sales [2]. Apple Watch Updates - Apple will introduce the Apple Watch Series 11, Apple Watch Ultra 3, and a new Apple Watch SE, with the Ultra 3 featuring a larger screen and new S11 chip [6][7]. - The Apple Watch SE will be updated with a new display and faster chip, targeting younger consumers [8]. Health Features - Apple plans to launch a paid Health+ service next year, which will include an AI health assistant, addressing regulatory and engineering challenges faced in developing significant health features like blood pressure detection [9]. AirPods and Other Products - AirPods Pro 3 will be released soon, featuring heart rate monitoring and real-time translation capabilities [10]. - Upcoming products include AirTag 2, new iPad Pro with M5 chip, Vision Pro hardware updates, and a refreshed Apple TV with improved features [11].

Group 1 - The core focus of the upcoming Apple event on September 9 is the launch of the iPhone 17 series, particularly the iPhone 17 Air, which will replace the existing Plus model [1][2] - Analyst Wamsi Mohani from Bank of America expresses a cautious outlook regarding investor expectations for the iPhone 17 Air, suggesting that while design changes have historically driven upgrade cycles, current investor sentiment is more reserved [1] - Despite the cautious outlook, Mohani maintains a "buy" rating on Apple stock with a target price of $250 [1] Group 2 - The iPhone 17 series is expected to include the iPhone 17, iPhone 17 Air, iPhone 17 Pro, and iPhone 17 Pro Max [2] - Additional products anticipated for release at the event include the Apple Watch Series 11, Apple Watch Ultra 3, AirPods Pro 3, and AirTag 2 [2]

Core Points - Apple is expected to hold its 2025 Fall Product Launch on September 10, featuring a total of 11 new products, marking one of the most complex launch events in recent years [1] Group 1: iPhone 17 Series - The iPhone 17 series will be the highlight of the event, with four models being introduced, including the new ultra-thin iPhone 17 Air, which replaces the Plus model [2][3] - The iPhone 17 Air is designed to be extremely lightweight, with a thickness of only 5.5mm to 5.8mm, but compromises on battery capacity, featuring only a 2800mAh battery [8] - The iPhone 17 Pro series will see significant design changes, including a new back panel and improved antenna design for better connectivity [12][14] Group 2: AirPods Pro 3 - AirPods Pro 3 is expected to launch in the fall, featuring a new H3 chip for enhanced processing power and battery life, with listening time potentially exceeding 7 hours [18] - The new model will include health monitoring features, such as heart rate and temperature sensing, making it a more comprehensive health tool [18][20] Group 3: Apple Watch - The Apple Watch Ultra 3 will support satellite communication and 5G, featuring the new S11 chip and blood pressure monitoring capabilities [21][23] - A new health service called "Project Mulberry" will integrate data from Apple Watch and iPhone to provide personalized health recommendations [23] Group 4: Other Products - HomePod mini 2 is likely to be introduced, maintaining the design of the first generation but with upgraded processing capabilities and support for Wi-Fi 6E [26][28] - The new AirTag 2 will feature an ultra-wideband chip for improved precision finding capabilities, extending the range to 60 meters [29]

Core Viewpoint - Apple Inc is expected to release the iPhone 17 along with updates to other products such as Apple Watches, iPads, and Macs in September and October, which are key months for new product cycles [1][2]. Product Updates - **Apple TV 4K**: The last update was in 2022, and the new version is anticipated to feature the A17 Pro chip, marking the first update in three years [3]. - **HomePod mini**: Originally released in 2020, it is expected to receive an update with the S9 chip, enhancing its capabilities beyond just color and packaging changes [4]. - **AirTag 2**: A new version is expected to triple the range for item tracking and focus on privacy, with pricing speculation around the current $29 per tag [5]. Revenue Impact - The iPhone remains the most significant product for Apple, driving revenue growth, and the introduction of AI features may encourage users to upgrade to newer models [6]. - The mentioned products, while not the most expensive, could incentivize consumers to trade up due to the long intervals between updates and the introduction of enhanced features [7]. - Apple has seen strong growth in Services revenue, with new protection plans and updates to products potentially increasing monetization opportunities [8]. Stock Performance - Apple stock was down 0.30% to $230.89, with a year-to-date decline of 7.80% in 2025, within a 52-week trading range of $169.21 to $260.09 [8].

Group 1 - The core focus of the Apple Worldwide Developers Conference (WWDC) 2025 is the unification of naming conventions across all operating systems, transitioning from traditional version numbers to a year-based naming system, such as "iOS 26" and "macOS 26 Tahoe" [1] - A new design language inspired by visionOS is expected, featuring a "frosted glass" effect with rounded buttons and elements, as indicated by various media reports [3] - iPadOS is anticipated to receive significant updates, including enhanced multitasking capabilities and the potential introduction of a "desktop mode" similar to macOS, blurring the lines between tablets and computers [5] Group 2 - There is speculation about the potential release of hardware at WWDC, including a screen-equipped HomePod, which is seen as a highly anticipated smart home device [8] - A new version of the Apple Pencil is predicted to feature a "digital reed calligraphy pen" function, enhancing its utility for creative tasks [10] - Updates to the Mac Pro are also speculated, despite a recent update in October, with expectations of a possible reveal during the conference [12] - The long-awaited AirTag 2 is mentioned, with hopes for a mid-2025 launch, although the exact timing remains uncertain [14]