Don't let the global memory shortage distract you from the upcoming Apple Intelligence launch, according to Bernstein. ...

iPhone 步入强劲周期，盈利保持韧性 苹果(AAPL.O) ——苹果 FY26Q1 业绩点评 | [姓名table_Authors] | 电话 | 邮箱 | 登记编号 | | --- | --- | --- | --- | | 秦和平(分析师) | 0755-23976666 | qinheping@gtht.com | S0880523110003 | | 刁云鹏(研究助理) | 021-38674878 | diaoyunpeng@gtht.com | S0880125070016 | 本报告导读： iPhone 创纪录增长引领业绩新高，面对存储涨价，苹果有望通过供应链保供能力抢 占市场份额，同时高溢价率以及附属服务业务提供较厚的利润垫。 投资要点： | 财务摘要(百万美元) | 2023 | 2024 | 2025 | 2026E | 2027E | 2028E | | --- | --- | --- | --- | --- | --- | --- | | 营业收入 | 383,285 | 391,035 | 416,161 | 460,409 | 498,428 | 523,360 | | 同比增 ...

iPhone 步入强劲周期，盈利保持韧性 苹果(AAPL.O) ——苹果 FY26Q1 业绩点评 | [姓名table_Authors] | 电话 | 邮箱 | 登记编号 | | --- | --- | --- | --- | | 秦和平(分析师) | 0755-23976666 | qinheping@gtht.com | S0880523110003 | | 刁云鹏(研究助理) | 021-38674878 | diaoyunpeng@gtht.com | S0880125070016 | 本报告导读： iPhone 创纪录增长引领业绩新高，面对存储涨价，苹果有望通过供应链保供能力抢 占市场份额，同时高溢价率以及附属服务业务提供较厚的利润垫。 投资要点： | 财务摘要(百万美元) | 2023 | 2024 | 2025 | 2026E | 2027E | 2028E | | --- | --- | --- | --- | --- | --- | --- | | 营业收入 | 383,285 | 391,035 | 416,161 | 460,409 | 498,428 | 523,360 | | 同比增 ...

融期货 2026年2月10日 投资咨询从业资格号:Z0011222 maolei@gtht.com 【期指期现数据跟踪 期指数据 | | 收盘价 | 涨跌幅% | | 基差 成交额-亿 成交量 | | 变动 | 持仓量 | 变动 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 沪深300 | 4719. 1 | ↑ 1.63 | | 5227.6 | | | | | | IF2602 | 4722. 6 | ↑ 1. 39 | 3. 54 | 243. 2 | 17217 | ↓ 4079 | 26451 | ↓ 4885 | | IF2603 | 4721. 2 | ↑ 1. 39 | 2. 14 | 725. 1 | 51368 | ↓ 18705 | 154559 | ↓ 2093 | | IF2606 | 4691. 2 | ↑ 1. 39 | -27.86 | 234. 1 | 16681 | 1 2820 | 76883 | 1 958 | | IF2609 | 4637. 4 | ↑ 1. 34 | -81. 66 | 72 ...

完整早报音频，请点击标题下方小耳机收听 【李亚鹏宣布，暂停直播带货】 2 月 8 日，李亚鹏专门给为嫣然医院捐款的企业加开了一场直播带货。直播最后， 李亚鹏称，一直不想占据荧幕，不想叨扰到大家。 9 日开始就要去忙嫣然医院的工作，春节前的直播告一段落，下 次开播可能要到很久以后。第三方平台数据显示，李亚鹏 8 日晚"承蒙厚爱感恩有你"主题直播持续了 3 小时 33 分，观看人次 1684.2 万，销售额 7500 万 -1 亿元。直播间当晚长时间占据"年货热卖榜第 1 名"的位置。当晚直 播间售卖的品牌包括莲花味精、卫龙、豪士面包、茶口乐、霞湖世家等。直播最后，李亚鹏向直播间网友表示感 谢。（澎湃新闻） 如 间真佛 A | 共3426人推荐 > @李亚鹏 承蒙厚爱,感恩有你,霞湖世家服装专场 晚 7 年 年 / 中 / 1 4 1 4 1 1 4 1 1 4 1 1 4 1 1 4 1 1 4 1 1 4 1 1 4 1 1 4 【追觅近千万投放登陆 "超级碗"， 2025 年北美营收增长 189% 】 2 月 9 日消息，追觅科技登陆全球最具影响 力的体育娱乐盛事"超级碗"，以近千万美元投放赛事黄金时段，成 ...

1.【库克称AI将是苹果未来主要支柱】苹果CEO蒂姆·库克近日在一次面向全体员工的内部会议上明 确表态：人工智能将成为苹果未来的核心支柱。 Apple Intelligence自推出以来，用户反馈并不理 想，连一些基础功能都没能达到预期。更复杂的任务则需要依赖于OpenAI ChatGPT的集成才能完 成，这一现状招致了外界对苹果AI战略方向的尖锐批评。库克在会上直面了这些质疑，回应了员工对 竞争对手率先推出生成式AI产品的担忧。 库克表示，苹果将推出完全由AI驱动的全新产品和服务品 类。他强调苹果处于最有利的位置，能够提供对用户真正有意义的智能体验，而不仅仅是把AI当作一 个附加功能。 但光喊口号显然不够，苹果正在用实际行动做出改变。（金融界） 2.【阿里新一代模型Qwen3.5曝光】2月9日消息，在全球最大AI开源社区HuggingFace的开源项目 页面中，最新出现Qwen3.5并入Transformers的新PR（提交代码合并申请）。这意味着阿里千问新 一代基座模型Qwen3.5或发布在即。相关信息透露，千问3.5采用了全新的混合注意力机制，并且极 有可能是原生可实现视觉理解的VLM类模型。有开发者进 ...

道指涨20.20点，涨幅为0.04%，报50135.87点；纳指涨207.46点，涨幅为0.90%，报23238.67点；标普 500指数涨32.51点，涨幅为0.47%，报6964.82点。 | 美股指数 △ | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 道琼斯工业 | | 纳斯达克指数 | | 标普500 | | | | 50135.87 | | 23238.67 | | 6964.82 | | | | +20.20 +0.04% +207.46 +0.90% | | | | +32.52 +0.47% | | | | < W | | 道琼斯工业平均(DJI) | | | | | | | | 02-09 16:20:01 | | | | | | 50135.87 | | 昨收 | 50115.67 | 成交额 | 0 | | | 20.20 | 0.04% | 中心 | 50047.79 | 成交量 | 0 | | | 上 涨 | 11 | 母 習 | 0 | 下 跌 | 19 | | | 最高价 | 50219.40 | 市盈率 ...

（来源：智通财经） 智通财经2月8日电，知名科技爆料人马克・古尔曼发帖称，苹果计划于2月23日当周向开发者发布iOS 26.4测试版，预计将包含新版Siri的部分功能。此外，苹果还计划在3月2日当周举办一场新品发布会 iPhone 17e将维持与iPhone 16e相同的599美元起售价，并升级芯片且新增MagSafe磁吸功能；新款入门级 iPad将搭载A18芯片并支持Apple Intelligence，而iPad Air则将升级至M4芯片。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ ...

Core Insights - Apple CEO Tim Cook expressed excitement about "AI-driven new products and services," indicating a shift in the company's focus towards artificial intelligence and its potential impact on future hardware [1][2][4] - The current Apple Intelligence capabilities are insufficient to support the new product categories that Cook envisions, highlighting the need for significant improvements, particularly in Siri's functionality [5][9] Group 1: Apple Intelligence and Siri - Apple is planning to launch Apple Intelligence in 2024, integrating generative capabilities into existing devices, but the current features are limited to enhancements like writing assistance and image editing, which may not justify a new product category [5][7] - Siri's capabilities are crucial for the success of new product categories, with Apple aiming to enhance Siri to understand personal context and perform actions across applications by 2026 [8][9] - The overhaul of Siri is divided into two phases, with the first phase targeting improvements by 2026 and the second phase aiming to transform Siri into a more advanced system-level assistant [8][9] Group 2: New Product Categories - Apple is likely to introduce two types of "low-risk wearables" as part of its AI product strategy: smart glasses and AI Pins, both of which will rely heavily on Siri's capabilities [10][12] - The smart glasses project is expected to accelerate in 2025, with a two-phase strategy focusing on voice interaction capabilities, while the AI Pin is also under development, emphasizing the need for effective voice assistant functionality [12][15] - The success of these new products hinges on Siri's ability to perform reliably, as poor voice interaction could render them ineffective compared to existing market offerings [14][15] Group 3: iPhone's Role and Organizational Changes - Despite the focus on new AI products, the iPhone will continue to play a central role in Apple's ecosystem for the foreseeable future, with ongoing updates to Apple Intelligence and preparations for the 2026 iPhone lineup [18][19] - Organizational changes are underway, with leadership transitions and strategic adjustments aimed at ensuring a smooth succession plan for Cook's eventual retirement [19][20] - Apple's 50th anniversary in 2026 serves as a pivotal moment for the company to define its next decade, with a focus on establishing a new interaction paradigm through AI and voice technology [21][22]

Core Insights - The rapid advancement of artificial intelligence (AI) has significantly impacted various industries, particularly through the introduction of products like DALL-E2 and ChatGPT by OpenAI, which have gained public attention since late 2022 and early 2023 [1] - The latest earnings season for the US stock market highlights the commentary from technology companies regarding AI's influence on their industries and business operations [2] Alphabet (Google) - The Gemini app has reached 750 million monthly active users, up from 650 million in Q3 2025, with increased user engagement following the launch of Gemini 3 in December 2025 [3][4] - Alphabet leads in AI model portfolios across text, vision, and image-to-video, with Gemini 3 Pro achieving the fastest adoption rate in the company's history, processing three times the daily tokens compared to its predecessor [3][6] - Google Cloud's backlog grew by 55% sequentially to $240 billion in Q4 2025, driven by strong demand for AI products, with revenue from AI solutions built by partners increasing nearly 300% year-over-year [7][10] - Google Cloud's revenue grew 48% year-over-year in Q4 2025, with operating margin increasing to 30.1% from 23.7% in Q3 2025 [23][24] - Alphabet's management anticipates significant capital expenditures of $175 billion to $185 billion in 2026 to enhance AI compute capacity and meet customer demands [25][26] AI and Advertising - Gemini is enhancing advertising quality and tools, allowing for better query understanding and ad relevance, with advertisers creating 70 million creative assets in Q4 2025 [19][20] - The introduction of Direct Offers in AI Mode aims to provide exclusive offers to users ready to purchase, indicating a shift towards monetizing AI-driven user experiences [22] Waymo - Waymo raised its largest investment round to date, surpassing 20 million fully autonomous trips and expanding its service to new markets, including Miami and plans for the UK and Japan [17] Amazon - AWS experienced a 24% year-over-year growth in Q4 2025, with a backlog of $244 billion, up 40% year-over-year, driven by increased demand for AI workloads [34] - Amazon's Bedrock service, which facilitates the use of multiple AI models, has reached a multi-billion dollar annualized revenue run rate, with customer spending increasing by 60% sequentially [35] - The launch of NovaForge allows enterprises to integrate their proprietary data into the pre-training phase of AI models, enhancing customization [38] AI Agents and Commerce - Amazon's AI shopping assistant, Rufus, has expanded its capabilities, enabling it to research products and make purchases, with 300 million customers using it in 2025 [44] - The management believes that agentic commerce will enhance consumer experiences, with customers using Rufus being 60% more likely to complete a purchase [44] Industry Trends - Companies are increasingly adopting AI to improve operational efficiency and customer engagement, with successful SaaS companies deeply integrating AI into their workflows [30][31] - The demand for AI compute capacity remains a significant concern for companies, with management focusing on addressing supply chain constraints and optimizing investments [32]