苹果(AAPL.US)则实现10%的同比增长，主要受益于iPhone16的热销、"先买后付"(BNPL)提升了产品可负担性，以及零售渠道的进一步 下沉。此外，新兴厂商如荣耀和摩托罗拉在中东主要市场扩大零售覆盖并推出更具竞争力的产品组合，分别实现36%和12%的增长，展 现出强劲的发展潜力。 单靠价格竞争，已无法在中东市场立足 Manish Pravinkumar还表示："5G已不再是用户换机的主要驱动力。随着AI驱动的创新加速，中东市场正朝着更加智能、以体验为导向的 设备演进。2025年第一季度，AI智能手机出货量已占比53%，这一趋势凸显出技术融合正重塑市场格局。尽管2025年开局表现平淡，但 高端功能的持续需求以及中端产品的稳健表现，预示着市场仍具增长韧性。中东正在崛起为全球智能手机价值链中的关键一环。在沙 特、阿联酋等国家，面对不断变化的贸易环境和上升的零售成本，品牌必须加大在生态系统创新、高端零售体验和深层次合作关系上的 投入。AI、内容与智能硬件的融合将引领下一轮市场变革。未来的数字中东，将由那些能以价值与体验为核心的品牌引领。" 相比之下，科威特和卡塔尔则展现出积极的增长势头。科威特在"哈拉节"( ...

Investment Rating - The report maintains a positive investment rating for the computer industry [4] Core Insights - The successful development of the "Zuchongzhi No. 3" quantum computing prototype by a Chinese research team has set a new world record in superconducting quantum computing, demonstrating significant performance improvements and establishing China's leading position in this field [2][33] - The launch of the AI agent Manus by a Chinese team marks a significant breakthrough in AI applications, with expected compound annual growth of 72.7% over the next five years [2][34] - Alibaba's introduction of the QwQ-32B model, with 320 billion parameters, showcases China's growing innovation and technological strength in the global AI industry [3][35] Summary by Sections Global Market Performance - U.S. tech stocks continued to decline, while Chinese and Hong Kong tech stocks, as well as A-share computer stocks, saw increases [11] - The Nasdaq China Golden Dragon Index rose by 4.93%, and the Hang Seng Tech Index increased by 8.43% [12] Industry News - The "Zuchongzhi No. 3" quantum computer features 105 readable qubits and 182 coupled qubits, achieving performance that is a trillion times faster than the fastest supercomputer [2][33] - The AI agent Manus can perform various tasks such as travel planning and stock analysis, indicating a major advancement in AI capabilities [2][34] - Alibaba's QwQ-32B model is designed for local deployment on consumer-grade graphics cards, reducing costs for enterprises [3][35] Key Technology Developments - Apple released the M3 Ultra chip, enhancing performance for Mac products with significant improvements in CPU and GPU capabilities [20] - Qualcomm introduced the X85 5G modem, which supports 5G Advanced and offers peak download speeds of up to 10 Gbps [22] - Intel expanded its Core Ultra series, significantly improving multi-core performance and productivity for business applications [25][26]