There's a new company at the center of the intensifying battle between Elon Musk and Sam Altman: Apple.Musk and Altman, who helped start OpenAI a decade ago with a group of other co-founders, had a public falling out that led to a legal fight last year, with Musk accusing Altman of breach of contract for abandoning the artificial intelligence company's founding mission.The back-and-forth war of words and lawsuits took another dramatic turn on Monday, when Musk threatened Apple with "immediate" legal action ...

Key Takeaways Apple shares rose 8.9% in a month on strong Q3 results and a steady outlook despite tariff risks.Double-digit growth in iPhone, Mac, and Services drove record June quarter revenues in many regions.Apple to invest $600B in the U.S. over four years, aiming to expand manufacturing and avoid tariff impact.Apple (AAPL) shares have risen 8.9% in the past month, driven by strong third-quarter fiscal 2025 results and a steady outlook despite tariff-related headwinds. Since the results announced on Jul ...

以下文章来源于科创板日报 ，作者卞纯 科创圈都在关注的新型主流媒体，上海报业集团主管主办，界面财联社出品。 当地时间周一， 美国企业家埃隆·马斯克威胁要对苹果公司采取法律行动，指控苹果公司在管理App Store排名方面违反了反垄断法 。 "苹果的行为使得除OpenAI之外的任何一家人工智能公司都无法登上App Store榜单第一名，这显然违反了反垄断法。xAI将立即采 取法律行动，"马斯克在社交媒体平台X上写道。 "当X是全球排名第一的新闻应用，而Grok在所有应用中排名第五时，为什么你拒绝将X或Grok放在你的"必备应用"部分？你是在 玩弄政治吗？"马斯克在另一条帖子中写道。 科创板日报 . 马斯克并未提供证据支持其说法。 截至目前，OpenAI的ChatGPT在美国iOS商店的热门免费应用排行榜上排名第一，并且是苹果"必备应用"区唯一的AI聊天机器人应用。 在威胁对苹果采取法律行动之前，马斯克曾庆祝Grok已超越谷歌，成为App Store上排名第五的免费应用。 根据Sensor Tower的数据，ChatGPT在Google Play Store的排名也位居榜首。 苹果去年与OpenAI合作，将Cha ...

2025 年 08 月 11 日 研 券 苹果（AAPL.O）：增长双引擎驱动业绩新高，供 应链重构与 AI 技术共振 究 报 告 —计算机行业点评报告 推荐(维持) 事件 分析师：宝幼琛 S1050521110002 baoyc@cfsc.com.cn 联系人：谢孟津 S1050123110012 xiemj@cfsc.com.cn 行业相对表现 | 表现 | 1M | 3M | 12M | | --- | --- | --- | --- | | 计算机(申万) | 3.2 | 8.6 | 69.9 | | 沪深 300 | 2.2 | 6.7 | 23.2 | 资料来源：Wind，华鑫证券研究 设计协同领航，全球首款通用 AI 科 研智能体问世》2025-08-07 2 、 《 计 算 机 行 业 点 评 报 告 ： Meta(META.O)：AI 重构广告生态， 算力军备竞赛领跑全球》2025-08- 01 编程大模型 Qwen3-Coder，钛动科技 发布全球首个营销 Agent》2025-08- 01 行 2025 年 7 月 31 日周四美股盘后，苹果公布截至自然年 2025 年 6 月 28 日 ...

丨证券研究报告丨 行业研究丨点评报告丨电子元件 [Table_Title] 苹果 FY25Q3 财报超预期，果链有望迎来反弹 行情 报告要点 [Table_Summary] 北京时间 8 月 1 日 4 点，苹果发布 2025 财年第三季度报告，报告期内苹果公司实现营业收入 940.4 亿美元，同比增长 10%，实现净利润 234.3 亿美元，同比增长 9%，单三季度毛利率为 46.5%，同比下降 0.6 个百分点，主要受关税相关成本增加影响。公司在业绩说明会给出 FY2025Q4 季度指引：收入预计实现中高个位数增长，毛利率为 46%-47%，包括因关税相关 成本的 11 亿美元影响，运营支出预计为 156-158 亿美元。 分析师及联系人 [Table_Author] 杨洋 蔡少东 SAC：S0490517070012 SAC：S0490522090001 SFC：BUW100 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 电子元件 cjzqdt11111 [Table_Title 苹果 FY25Q32] 财报超预期，果链有望迎来反弹 行情 [Table_ ...

Investors are hoping that Wednesday's announcement, coupled with a recent strong earnings report, provides a shot of momentum for Apple stock.Apple's (AAPL 4.24%) decision to increase its U.S. investment by $100 billion -- bringing its total recent commitment to $600 billion in the next four years -- comes at a critical time for the iPhone maker. But it could be a net positive as the company looks for ways to increase its sales and grow on the momentum of its promising fiscal third-quarter earnings report.A ...

Core Viewpoint - Apple is planning to significantly increase its investments in artificial intelligence (AI) to catch up with competitors and enhance its product offerings [8][10]. Group 1: Financial Performance - Apple's stock has only increased by approximately 30% over the past three years, making it the second-worst performer among the "Magnificent Seven" stocks [2]. - In the fiscal third quarter, Apple reported a revenue growth of nearly 10% year over year, reaching $94 billion, marking a record for the June quarter [3][7]. - iPhone revenue grew by 13% year over year to $44.6 billion, driven by the popularity of the iPhone 16 family [3]. - Mac revenue increased by 15% year over year to $8 billion, while iPad and wearables, home, and accessories sales declined by 8% and 9% year over year, respectively [4]. - Overall, hardware revenue grew by 8% year over year, accounting for nearly 71% of total revenue, while services reached an all-time high of $27.4 billion [5]. Group 2: AI Strategy - Apple has been perceived as lagging in AI compared to rivals like Alphabet and Microsoft, but it is now taking AI more seriously [8]. - The company has a significant advantage with its extensive range of devices, which can be integrated with AI to enhance user experience [9]. - Management has indicated a significant increase in AI investments, with nearly $3.5 billion spent on capital expenditures in the latest quarter, the highest since January 2023 [10][12]. Group 3: Investment Outlook - Apple's stock is currently trading at 29 times its projected earnings for the next year, the second-lowest among the "Magnificent Seven" stocks [14]. - The current valuation presents a more favorable upside potential, especially if the new AI initiatives are successful [16]. - With $133 billion in cash and marketable securities, Apple has ample resources to compete in the AI sector [16].

Core Insights - Apple is set to release iOS 26, iPadOS 26, and macOS Tahoe 26 next month, upgrading the core model of Apple Intelligence from GPT-4o to the newly released GPT-5 [1][3] Group 1: Performance Enhancements - The update will significantly improve accuracy, multimodal understanding, and response speed in three key interaction scenarios: Siri, system-level writing tools, and visual intelligence [3] - GPT-5 will enable real-time conversation translation, allowing for instant voice and text translation in FaceTime, phone, and messaging applications [3] Group 2: New Features - Users will be able to select text or images on any interface, with GPT-5 providing immediate search, summary, or next-step suggestions [3] - Apple will open up device-side foundational model APIs to developers, allowing third-party applications to access Apple Intelligence's edge computing capabilities without increasing user privacy risks [3]

Core Viewpoint - MP Materials, the only rare earth miner in the U.S., has seen its stock price soar by 376% in 2023, driven by increasing domestic demand for rare earths amid U.S. efforts to reduce reliance on foreign supplies [1][2][3]. Group 1: Company Performance - In Q2, MP Materials reported a smaller-than-expected loss, with adjusted earnings per share at $0.13, compared to analysts' expectations of $0.19 [2][4]. - The company's revenue for Q2 reached approximately $57.4 million, exceeding analyst forecasts of $46.7 million, marking an 84% year-over-year increase [4]. - Rare earth production, particularly neodymium-praseodymium (NdPr), surged nearly 120% to a record 597 metric tons, driven by strong demand [2][4]. Group 2: Strategic Partnerships and Government Support - MP Materials signed a long-term agreement with the U.S. government valued at over $10 billion to boost rare earth magnet production for military needs, establishing a price floor of $110 per kilogram for NdPr [5]. - The company also secured a $500 million agreement with Apple for exclusive supply of rare earth magnets, which will support its expansion plans in Texas [5][6]. - Apple's investment plan includes a $100 billion commitment to U.S. manufacturing, further solidifying the partnership with MP Materials [6]. Group 3: Industry Context and Importance - Rare earth elements are critical for various industries, including semiconductors, consumer electronics, electric vehicles, and defense manufacturing [7][8]. - The U.S. currently relies heavily on China for rare earth supplies, with China controlling approximately 60%-70% of global mining and 85%-90% of refining and metal production [7][8]. - The Mountain Pass mine, operated by MP Materials, is the only active rare earth mine in the U.S., making it a vital asset for the country's rare earth supply chain [3][4].

Core Viewpoint - Apple is leading the establishment of an end-to-end silicon supply chain in the U.S., aiming to produce over 19 billion chips for its products by 2025 through partnerships with key suppliers in every stage of silicon production [1][2]. Group 1: Partnerships and Collaborations - Apple is collaborating with GlobalWafers America to produce advanced wafers for semiconductor manufacturing in the U.S., utilizing silicon sourced from Corning's Hemlock Semiconductor [1]. - The company is working with Texas Instruments to enhance chip production capacity in the U.S. and is expanding its partnership to support new manufacturing facilities [2]. - Apple has reached an agreement with GlobalFoundries to bring more semiconductor manufacturing to the U.S., focusing on advanced wireless technology and power management [3]. Group 2: Manufacturing Facilities and Innovations - Apple is investing in a new advanced chip packaging and testing facility in Arizona, which will significantly enhance the U.S. semiconductor supply chain [3]. - The company is collaborating with Samsung in Austin to introduce innovative chip manufacturing technology that optimizes power and performance for its products [2]. Group 3: Additional Developments - Apple is partnering with Broadcom and GlobalFoundries to develop and produce additional cellular semiconductor components critical for G communication in its products [4].