China Technology & Telecom Key Takeaways from Citi's 2025 China TMT Day CITI'S TAKE Citi hosted 2025 China TMT Day on Aug 28-29 and we met with 20 HK & China tech and telecom companies. Key highlights: (1) Glass cover/metal casing design change, with heat sink modules and battery casing upgrade will drive dollar content in 2H25 iPhone; (2) Foldable iPhone will likely come in 2H26 with major upgrade in UTG and hinges; (3) Android cameras continue upgrade trend periscope, OIS, variable aperture etc.); (4) Pro ...