（文/观察者网 吕栋 编辑/张广凯） 手机受制于谷歌生态，但华为可穿戴设备在海外卖的还算不错。 当地时间10月16日，已许久没有在中国台湾办活动的华为，在岛内举办了穿戴新品发布会，面向该地区推出了WATCH GT 6系列智能手表，以及无 线耳机FreeBuds SE 4 ANC。 图源：台媒 | Vendor | Q2 2025 | Q2 2025 | Q2 2024 | Q2 2024 | Annual | | --- | --- | --- | --- | --- | --- | | | shipments | market | shipments | market | growth | | | (million) | share | (million) | share | | | Xiaomi | 9.5 | 18.9% | 5.9 | 13.3% | +61% | | Huawei | 8.8 | 17.4% | 6.0 | 13.5% | +47% | | Apple | 7.6 | 15.2% | 7.7 | 17.4% | -1% | | Samsung | 4.3 | 8.6% | 2.8 | ...

当荣耀MagicV3将折叠屏价格拉至6999元，三星ZFold6追求239克极致轻薄时，华为却反其道行之——推出屏幕更宽、价格更高的PuraX。这看似违背市场规 律的举动背后，隐藏着高端消费市场的深层密码：2024年全球折叠屏出货量逆势增长67%，其中万元机型占比超80%，而华为独占47%份额。 折叠屏市场的"高净值密码" DSCC数据显示，2024年折叠屏手机平均售价突破万元，利润空间是直板机的3倍以上。更关键的是用户结构：70%购买者为年薪百万以上的商务精英，其品 牌忠诚度远超普通消费者。这解释了为何华为在芯片受限的情况下，仍将研发预算的35%投入折叠屏领域——Mate X系列已占据国内50%市场份额，但竞争 对手正通过价格战蚕食这块利润高地。 供应链数据佐证了该策略的成功：华为折叠屏定制部件利润率达45%，比标准化SOC芯片高出15个百分点。当行业内卷芯片性能时，华为用铰链专利（全球 第一）开辟了新战场。 折叠屏战争的终极战场 12英寸三折叠屏的终极意义不在硬件本身，而在于重构人机交互逻辑。鸿蒙系统四应用同屏功能，在Mate XT上能同时显示完整Excel表格、PDF文档和两个 通讯窗口，这种"桌面模式 ...

Market Overview - The Hong Kong stock market continued its downward trend, with the Hang Seng Index closing at 25,059, down 1.12% for the day and up 24.92% year-to-date[3] - The Hang Seng Technology Index fell by 1.85%, while the Hang Seng China Enterprises Index decreased by 1.25%, reflecting a broader market decline[3] - Major sectors such as semiconductor and chip stocks led the decline, while film, banking, and dining stocks showed resilience with gains[9] Oil and Gold Market - Oil stocks declined as investors focused on the upcoming OPEC+ meeting, with international oil prices dropping over 2% on September 4[9] - Gold stocks experienced significant losses, with Tongguan Gold falling nearly 9%, despite spot gold prices reaching new highs recently[9] U.S. Market Performance - On September 4, U.S. markets saw all three major indices rise, with the S&P 500 closing at a record high, up 0.83%[9] - The ADP report indicated a weaker-than-expected increase in private sector employment, with only 54,000 jobs added in August, raising expectations for a potential Fed rate cut[9] Company Highlights - Broadcom's Q3 adjusted net revenue reached $15.95 billion, exceeding analyst expectations, and the company projected Q4 revenue of approximately $17.4 billion, also above forecasts[10] - Lululemon lowered its fiscal year earnings forecast, with Q2 net revenue of $2.53 billion slightly below expectations, leading to a nearly 16% drop in after-hours trading[10] Japanese Market Insights - The Japanese stock market rebounded on September 4, with the Nikkei 225 index rising by 1.5%, driven by strong performances in the technology sector[13] - Notable gains were seen in SoftBank Group, which surged 6.5%, and Advantest, which rose 4.7%[13]

Core Insights - The China Unicom Partner Conference, themed "Walking Together Towards a New Ecosystem," was held in Shanghai, showcasing Huawei's strategic partnership and its comprehensive product offerings in the HarmonyOS ecosystem [1] Group 1: Product Innovations - Huawei's flagship products, including the Mate XT and Pura 80 series, highlighted advanced imaging and foldable screen technologies, with the Mate XT featuring a hyperspectral imaging system and the Pura 80 series introducing a dual-lens architecture for enhanced photography [3] - The Mate X6 foldable phone demonstrated a 12% reduction in thickness compared to its predecessor while passing 200,000 fold tests, showcasing durability and lightweight design [3] - The FreeBuds Pro 4 provided an immersive audio experience, complementing the visual capabilities of Huawei's devices [3] Group 2: Smart Office Solutions - Huawei's MateBook Fold and MateBook Pro laptops attracted attention for their lightweight design and powerful performance, enabling seamless collaboration across devices through the HarmonyOS [4] - The "Super Terminal" feature allows for easy connection to printers and monitors, enhancing productivity in remote work scenarios [4] Group 3: Health and Fitness Technology - The wearable technology section featured products like the WATCH Ultimate and WATCH GT 5 series, which offer advanced health monitoring capabilities, including heart rate and blood oxygen tracking [5][7] - The WATCH 5's eight-channel heart rate sensor can monitor multiple health metrics in real-time, while the WATCH D2 provides non-invasive blood glucose monitoring [7] - The children's smartwatch 5X Pro includes dual-mode positioning and safety features, ensuring children's security and providing educational assistance [7] Group 4: HarmonyOS Ecosystem - The HarmonyOS ecosystem emphasizes a "people-centered" service model, enabling seamless connectivity between devices in smart home environments [8][10] - The integration of HarmonyOS allows for intuitive control of smart home devices and enhances the user experience across various applications [10] - Huawei's commitment to innovation and technology is evident in its efforts to create a comprehensive ecosystem that addresses work, life, and health needs [10]