Market Performance - The US stock market experienced a slight decline on January 16, with the Dow Jones down by 0.17%, the S&P 500 down by 0.06%, and the Nasdaq Composite also down by 0.06% [4][3] - Major technology stocks showed mixed results, with the US Tech Giants Index down by 0.3% [5] - Notable individual stock movements included Microsoft and Amazon rising, while Apple fell over 1% [6] Sector Analysis - The semiconductor sector saw most stocks rise, with the Philadelphia Semiconductor Index increasing by 1.15%. Micron Technology surged over 7%, while Broadcom, Lam Research, and Applied Materials rose by more than 2% [8] - In contrast, Intel dropped over 2%, and Qualcomm fell by more than 1% [8] Chinese Stocks - Chinese stocks listed in the US mostly declined, with the Nasdaq Golden Dragon China Index down by 1.15%. Alibaba fell over 3%, while JD.com, ZTO Express, and Li Auto also saw declines of over 1% [10] Apple News - Apple updated its trade-in values for devices, including support for Huawei and other Android models. The iPhone 16 Pro Max can be traded in for up to 5800 yuan, while various Android models have different trade-in values [12] Federal Reserve Insights - Federal Reserve officials expressed differing views on monetary policy, with Vice Chair Jefferson indicating that current rates are appropriate, while Governor Bowman emphasized the need for policies that support the job market and suggested readiness to lower rates if employment does not improve [14] - The uncertainty surrounding the next Federal Reserve chairperson has increased, with potential implications for future monetary policy [15][17]

Group 1 - Apple has initiated a trade-in program that includes Android devices from brands like Huawei and Xiaomi, marking the first time such devices are accepted for trade-in [1][2] - The trade-in values for various devices are significant, with the iPhone 16 Pro Max offering up to 5800 RMB and the MacBook Pro up to 6050 RMB [1] - This move follows a recent price reduction for the iPhone 17 Pro and Pro Max, which saw price drops of 300 RMB on platforms like Tmall and JD [3][4] Group 2 - In Q1 2025, Apple's smartphone shipments in China fell by 9% year-on-year, placing it fifth in market share, while competitors like Xiaomi and Huawei maintained stronger positions [5] - Despite the decline, Apple's market share in China surged to 25% in October 2025, driven by the strong sales of the iPhone 17 series, marking a 37% year-on-year increase in sales [5] - In Q4 2025, Apple led the Chinese smartphone market with a shipment of 16 million units, achieving a market share of 21.1%, a significant increase from the previous year [6]

Core Viewpoint - Apple has adjusted the trade-in values for its devices, including iPhone, iPad, and Mac, and has also included Android models from Huawei and Xiaomi in the trade-in program [1][2]. Group 1: Trade-In Values for Apple Devices - The iPhone 16 Pro Max can be traded in for up to RMB 5800 [4]. - The iPad Pro has a maximum trade-in value of RMB 5800, while the iPad Air can be traded in for up to RMB 3500 [4]. - The MacBook Pro has a maximum trade-in value of RMB 6050, and the Mac Pro can be traded in for up to RMB 14000 [4][6]. Group 2: Trade-In Values for Android Devices - The Huawei Mate X5 can be traded in for up to RMB 2850, and the Huawei Mate 70 Pro+ has a maximum value of RMB 2750 [7]. - The Oppo Find X8 Pro can be traded in for up to RMB 1700, while the Vivo iQOO 13 has a maximum trade-in value of RMB 1600 [7]. - The Xiaomi 15 Pro can also be traded in for up to RMB 1600 [7]. Group 3: Trade-In Program Details - The trade-in service is provided by Apple's trade-in service partners, and the quoted trade-in amounts are estimates that may vary based on the device's condition, configuration, release year, and the country or region of sale [8]. - Participants must be 18 years or older to take part in the program, and the trade-in value can be used to offset the purchase of new Apple devices [8].

Core Insights - Apple has adjusted the trade-in values for devices including iPhone, iPad, and Mac, now including Android models from Huawei and Xiaomi in the trade-in program [1][3]. Trade-In Values - The maximum trade-in value for the iPhone 16 Pro Max in China is RMB 5800, with other models like iPhone 16 Pro at RMB 4900, iPhone 16 Plus at RMB 4175, and iPhone 16 at RMB 3400 [3][4]. - For Mac devices, the MacBook Pro has a maximum trade-in value of RMB 6050, while the Mac Pro can reach up to RMB 14000. Other models like MacBook Air and iMac have lower trade-in values [6]. - Android devices are also included, with Huawei Mate X5 valued at RMB 2850, Huawei Mate 70 Pro+ at RMB 2750, and Xiaomi 15 Pro at RMB 1600 [6]. Trade-In Program Details - The trade-in service is provided by Apple's trade-in service partners, and the quoted values are estimates that may vary based on the device's condition, configuration, and release year [8]. - Participants must be 18 years or older to engage in the trade-in program, and the trade-in value can be applied towards the purchase of new Apple devices [8].

Group 1 - Apple has included Huawei, Xiaomi, and other Android brands in its latest Apple Trade In program, allowing for trade-in discounts on these devices [1][2] - The updated trade-in values for Apple devices include up to 5800 yuan for iPhone 16 Pro Max and iPad Pro, and up to 6050 yuan for MacBook Pro [1] - Specific trade-in values for Android devices include up to 2850 yuan for Huawei Mate X5 and 1600 yuan for Xiaomi 15 Pro [1] Group 2 - Prior to this update, Apple's trade-in program only accepted its own devices, while other platforms like JD and Tmall supported cross-brand trade-ins [2] - Apple states that the trade-in values are estimates and may vary based on the device's condition, configuration, and release year [2] Group 3 - According to IDC, global smartphone shipments are projected to reach 1.26 billion units by 2025, with Apple leading the market with 247 million units shipped, a 6.3% year-on-year increase [4][5] - In the Chinese market, Huawei is expected to lead in shipments with a 16.4% market share, closely followed by Apple at 16.2% [6] - IDC warns that the smartphone market, particularly for Android manufacturers, will face significant challenges in 2026 due to a reversal of the trend towards high-end configurations becoming more accessible [6]

Group 1 - Apple's Trade In program now includes Android brands such as Huawei and Xiaomi for device trade-in [2][3] - The trade-in values for various devices are as follows: iPhone 16 Pro Max up to 5800 yuan, iPad Pro up to 5800 yuan, iPad Air up to 3500 yuan, MacBook Pro up to 6050 yuan, and Mac Pro up to 14000 yuan [4] - Specific trade-in values for Android devices include: Huawei Mate X5 up to 2850 yuan, Huawei Mate 70 Pro+ up to 2750 yuan, Oppo Find X8 Pro up to 1700 yuan, Vivo iQOO 13 up to 1600 yuan, and Xiaomi 15 Pro up to 1600 yuan [4] Group 2 - Previously, only e-commerce platforms like JD and Tmall supported cross-brand trade-in services, while Apple's official site only accepted its own brand devices [6] - IDC forecasts that global smartphone shipments will reach 1.26 billion units by 2025, with Apple maintaining the top position in shipments at 247 million units, a 6.3% year-on-year increase [7] - In the Chinese market for 2025, Huawei is projected to lead with a market share of 16.4%, closely followed by Apple at 16.2% [7] - IDC warns that the smartphone market, particularly for Android manufacturers, will face significant challenges in 2026, with a potential decline in sales due to a shortage of storage chips [7]

Core Insights - Apple has adjusted the trade-in values for devices such as iPhone, iPad, and Mac, now including Android models from Huawei and Xiaomi in the trade-in program [1] Trade-In Program Details - The Apple Trade In program allows customers to trade in their devices for credit towards new Apple products, with specific trade-in values for various Android models [1] - Huawei Mate X5 can be traded in for up to 2850 yuan, Huawei Mate 70 Pro+ for up to 2750 yuan, Oppo Find X8 Pro for up to 1700 yuan, Vivo iQOO 13 for up to 1600 yuan, and Xiaomi 15 Pro for up to 1600 yuan [1] - The trade-in values are estimated and may vary based on the device's condition, specifications, release year, and the country or region of sale [1]

Core Viewpoint - Apple has adjusted the trade-in values for its devices, including iPhones, iPads, and Macs, and has also included Android models from brands like Huawei and Xiaomi in the trade-in program [1][4]. Group 1: Trade-in Values for Apple Devices - The Apple Trade In program offers significant trade-in values for various devices, with the iPhone 16 Pro Max having a maximum trade-in value of RMB 5800 [4][5]. - Other iPhone models have varying trade-in values, such as RMB 4900 for the iPhone 16 Pro, RMB 4175 for the iPhone 16 Plus, and RMB 3400 for the iPhone 16 [5]. - For iPads, the iPad Pro can be traded in for up to RMB 5800, while the iPad Air has a maximum value of RMB 3500 [7]. - Mac devices also have substantial trade-in values, with the MacBook Pro reaching up to RMB 6050 and the Mac Pro up to RMB 14000 [10]. Group 2: Trade-in Values for Android Devices - The trade-in program now includes several Android devices, with the Huawei Mate X5 having a maximum trade-in value of RMB 2850, and the Huawei Mate 70 Pro+ valued at RMB 2750 [10]. - Other Android models such as the Oppo Find X8 Pro, Vivo iQOO 13, and Xiaomi 15 Pro have trade-in values of RMB 1700, RMB 1600, and RMB 1600 respectively [10]. Group 3: Trade-in Program Details - The trade-in values provided are estimates and the actual amount may vary based on the device's condition, configuration, release year, and the country of sale [12]. - Participation in the trade-in program is limited to individuals aged 18 and above, and the trade-in value can be applied towards the purchase of new Apple devices [12].