Core Viewpoint - For Apple (AAPL) shareholders, 2025 is not expected to be a fruitful year, with stock price increases of over 9% falling short compared to most industry peers. However, 2026 may mark a pivotal point in the company's history with significant changes on the horizon [1]. Product Launches - In 2026, Apple is expected to launch over ten new products across various business segments. Devices like the MacBook Pro and entry-level iPad are likely to see only routine annual or biennial hardware upgrades. The anticipated iPhone Fold, Apple's first foldable smartphone, is expected to debut in 2026, with a screen size of approximately 7.6 inches and a price tag starting at $2,000, potentially reaching $2,500 [2]. iPhone Release Strategy - A major focus for 2026 will be the timing of iPhone releases. Apple is expected to adopt a staggered release schedule, with the iPhone Pro series and the new iPhone Fold launching in the fall, while more budget-friendly models will be delayed until spring 2027. This strategy aims to smooth revenue curves and improve supply chain management [3][4][6]. Revenue Estimates - Market predictions indicate a nearly 50% revenue gap between the June and December quarters of 2026. For instance, the revenue estimate for FQ1 2026 (December 2025) is projected at $138.20 billion, reflecting an 11.18% year-over-year growth, while FQ3 2026 (June 2026) is estimated at $99.41 billion, with a 5.72% growth [7][8]. Valuation Concerns - If Apple finalizes the staggered release strategy, Wall Street may need to adjust earnings expectations. The revenue impact from the absence of entry-level iPhones in fall 2026 could be significant, with billions potentially deferred to the following year. As of the last closing, Apple's stock price corresponds to a projected P/E ratio of slightly over 31 times for 2026, representing a 14.6% premium compared to peers like Amazon, Google, Microsoft, and META [9][11]. Analyst Sentiment - Current market sentiment among analysts is generally optimistic, with 29 out of 49 analysts rating Apple as a "buy," 16 as "hold," and only 4 as "sell." While 2026 is not expected to bring major changes to most products, the introduction of the foldable iPhone and the staggered release strategy could significantly alter the product line. However, analysts maintain a "long-term hold" rating due to concerns over the company's high valuation [12][13].

Core Insights - Apple is set to launch several innovative products in 2026, including a foldable iPhone, AI-driven services, and hardware advancements that could significantly enhance consumer experience [1][4] Group 1: Product Launches - Apple plans to release its first foldable iPhone in September 2026, featuring a 5.4-inch display when folded, comparable to the iPhone 13 mini, and a larger screen when unfolded, similar in size to the original iPad mini [4] - The foldable iPhone is designed to be more compact than Samsung's foldable models, emphasizing portability [4] - In addition to the foldable iPhone, Apple will introduce a new version of Siri powered by large language models, along with affordable MacBook and MacBook Pro models, and AI smart glasses [4] Group 2: Market Positioning - Industry analysts predict that 2026 could be a pivotal year for Apple, marking a significant year of product innovation and the deep integration of AI into its ecosystem, potentially allowing Apple to gain a competitive edge in the market [4]

库克将在明年发布多款芯片 凤凰网科技讯北京时间12月29日，据科技网站9to5mac报道，2025年，苹果公司表现非凡，相继推出了 液态玻璃界面设计、iPhone Air、突破性新款iPhone17Pro系列，以及重大升级的Apple Silicon芯片。虽 然真正让人感到意外的产品发布并不多，但每一款都感觉焕然一新。 展望2026年，苹果还有大量创新产品即将上市，覆盖每一个产品线。以下是9to5mac汇总的苹果六大新 品： 首款折叠屏iPhone 继iPhone Air之后，苹果计划在仅仅12个月后再推出另一项重大iPhone创新：折叠屏手机iPhone Fold。 折叠版iPhone要来了 这将是自2021年以来，苹果首次对iPad mini进行重新设计。苹果还将升级iPad mini的显示技术，把 OLED屏幕引入这一产品线。OLED去年已率先在iPad Pro上亮相，而iPad mini有望成为第二款采用该显 示技术的iPad。 这款OLED版iPad mini还将拥有更强的防水性能，并搭载A19Pro芯片。 MacBook Pro迎来全新设计 据报道，自2021年以来，苹果将首次对MacBook P ...

Key Takeaways QCOM posted $6.96B handset revenues last quarter, up 14% year over year, accounting for 63% of sales.QCOM faces pressure from MediaTek, weaker smartphone demand, trade tensions, and rivals' in-house chips.Qualcomm is betting on premium Snapdragon 8 Gen 5 chips to drive flagship smartphone growth.Qualcomm Incorporated ((QCOM) generated about $6.96 billion in handset revenues in the latest quarter, with a year-over-year increase of 14% and an estimated $27.8 billion in fiscal 2025, contributing ...

每经记者｜何建川 每经编辑｜吴永久 2025年，伴随海内外巨头对AI的大幅投入，AI硬件方向获得资金的大幅追捧，带动电子行业股价大幅 上涨。在电子行业中，消费电子的股价表现有些落后，且估值相比电子行业其他板块相对偏低。 随着谷歌推出Gemini3、豆包推出手机AI助手技术预览版等行业事件的出现，AI终端的预期提升，AI手 机、AI眼镜等消费电子终端产品将成为互联网公司流量入口的必争之地。 分析认为，展望2026年，消费电子行业将迎来产品创新周期、行业复苏、终端产品涨价等多重驱动，产 业链估值有望提升。 消费电子迎来创新周期，2026年大厂将陆续推出新品 在AI的赋能下，消费电子正迎来一轮创新周期，包括AI手机、AI眼镜、AI音箱、AI玩具等。此外，折 叠屏手机也有望向主流靠近。 以智能手机为例，方正证券指出，复盘全球智能手机出货量历史，2016年之前，功能机到智能机的技术 切换浪潮，叠加国内大规模制造能力的提升，国产手机繁荣，全球智能手机出货量逐年攀升；2020— 2021年，5G时代盛行，5G手机替代4G手机风潮导致增速呈现上升趋势。2023年第三季度开始，折叠屏 等小创新接踵而至，手机出货量增速开始由负转 ...

2025年，伴随海内外巨头对AI（人工智能）大幅投入，AI硬件方向获得资金的大幅追捧，带动电子行 业股价大幅上涨。在电子行业中，消费电子的股价表现有些落后，且估值相比电子行业其他板块相对偏 低。 展望2026年，消费电子行业将迎来产品创新周期、行业复苏、终端产品涨价等多重驱动，产业链估值有 望提升。 大厂将陆续推出新品 《每日经济新闻》记者注意到，随着谷歌推出Gemini3（新一代大型语言模型）、豆包推出手机AI助手 技术预览版等，AI终端预期提升，AI手机、AI眼镜等消费电子终端产品将成为互联网公司流量入口的 必争之地。 在AI赋能下，消费电子正迎来一轮创新周期，包括AI手机、AI眼镜、AI音箱、AI玩具等。此外，折叠 屏手机也有望向主流靠近。 以智能手机为例，方正证券指出，复盘全球智能手机出货量历史，2016年之前，功能机到智能机的技术 切换浪潮，叠加国内大规模制造能力的提升，国产手机繁荣，全球智能手机出货量逐年攀升； 2020~2021年，5G时代盛行，5G手机替代4G手机风潮导致增速呈现上升趋势。从2023年三季度开始， 折叠屏等小创新接踵而至，手机出货量增速开始由负转正，2025年起随着AI手机渗透 ...

Investment Rating - The report maintains a recommendation for investment in the consumer electronics sector, particularly highlighting opportunities in AI glasses and related technologies [1]. Core Insights - Apple plans to release its first smart glasses, Apple Glass, in 2026, which will feature the same SiP chip as the Apple Watch, emphasizing lightweight design and low power consumption [3][4]. - The XREAL 1S, a new consumer-grade AR glasses product, was launched on December 18, 2025, featuring the X1 spatial computing chip and innovative 2D to 3D conversion capabilities, targeting a younger audience [5][15]. - The AR/AI glasses industry is expected to experience significant growth, with major companies entering the market, indicating a potential shift in consumer electronics towards new smart devices [5][15]. Summary by Sections Industry Performance - The consumer electronics sector has shown varied performance over different time frames, with a 1-month decline of 0.4%, a 3-month decline of 5.6%, and a 12-month increase of 35.5% [2]. Key Companies and Earnings Forecast - Notable companies in the sector include: - GoerTek (未评级) with an EPS forecast of 0.79 for 2024 and a PE ratio of 37.52 [8][17]. - Luxshare Precision (未评级) with an EPS forecast of 1.86 for 2024 and a PE ratio of 31.45 [8][17]. - Yujing Technology (Buy) with an EPS forecast of -1.83 for 2024 and a PE ratio of -19.43 [8][17]. - Rockchip (未评级) with an EPS forecast of 1.42 for 2024 and a PE ratio of 124.30 [8][17]. - Hengxuan Technology (未评级) with an EPS forecast of 3.86 for 2024 and a PE ratio of 78.57 [8][17]. Industry Dynamics - The smartphone market in China saw a 13% increase in sales for foreign brands in October 2025, with total smartphone sales reaching 32.27 million units, a growth of 8.7% [20]. - Apple is planning to expand its iPhone product line significantly, with at least seven new models expected by 2027, indicating a strategic shift in its product offerings [21][24].

Marketing Promotion - Changelly extends Holiday Surprise promotion with Tangem and OneKeyHQ until December 25 [1] - Each transaction on Changelly provides +1 spin for a chance to win prizes [1] Prizes - Prizes include a MacBook Pro and hardware wallets [1]

I personally love that bipolarity. You probably also have a MacBook Pro in front of you and you have absolutely no clue of the power the machine actually has and could be used for. Aspiration is one, but it's good to have great product even though you don't use it at its full extent.I don't see any negative to that. Anyone should go and get the greatest cashmere out there if they fancy Kashmir. They probably don't need it to stay warm. ...

要闻提示 1.美国CEO薪酬惊人，苹果库克7小时收入超普通工人年薪 2.帮周鸿祎做数十亿假账？360集团回应：完全失实 3.华为终端董事长调整 4.小鹏、理想获L3级自动驾驶道路测试牌照，鸿蒙智行在深圳开启L3内测 5.昆仑芯完成股改，有望在2026年上半年港股上市 6.法拉第未来晒 FX Super One 工厂组装现场，网友：纯手搓，草台班子 7.魏建军：隐藏式门把手风阻降了0.001但增重8公斤，后来我们就不用了 8.欧洲人玩不转电动车！欧盟将放弃2035年燃油车禁令 今日头条 美国CEO薪酬惊人，苹果库克7小时收入超普通工人年薪 12月16日消息，据报道，美国一些收入最高的首席执行官（CEO）在几小时内就能赚到普通工人一年的 工资。苹果公司CEO蒂姆·库克2024年的总薪酬达到7460万美元，较2023年增长18%。其中，包括5810万 美元的股票奖励、1200万美元的非股权激励计划薪酬和150万美元的其他报酬。尽管库克的薪酬已处于高 位，但与2022年其获得的近1亿美元薪酬相比仍有所下降。当时，苹果公司称这是对其"卓越领导力"的认 可。然而，2023年在员工和部分股东的反对下，库克主动建议调整薪酬方 ...