点击 最 下方 关注《材料汇》 ， 点击"❤"和" "并分享 添加 小编微信 ，寻 志同道合 的你 正文 目录 国信证券 政 策 护 航 、 技 术 收 敛 带 动 产 业 链 需 求 爆 发 01 产业链核心赛道：卫星，运载火箭, 地面设备与终端应用 02 竞争格局与产业趋势:中美两极格局确立,产业链加速走向成熟 03 投 资 建 议 04 语各必创造正文之后的争需声明及其IG下所有内容 国信证券 1. 行业概况: 政策护航、科技收敛带动产业链爆发 请务必阅读正文之后的免费声明及其项下所有内容 1.1 从"传统航天"到"商业航天" E (三) = 网: NASA及阿波罗登日 资料来源:NASA,国信证券经济研究所整理 请务必阅读正文之后的免费声明及其项下所有内容 ＞ 传统航天（01d Space）: 通常指由政府主导（如NASA、中国航天科技集团CASC）、主要服务于国家战略（国防、科研、国家声 望）的航天活动。其特点是"高可靠性、高成本、低频次" 》 代表机构/企业：NASA（阿波罗时代）、波音（Boeing）、中国航天科工/科技集团。 ＞ 商业航天（New Space）: 指由私营企业主导（或按照市场规 ...

A mobile phone company from the Trump Organization announced in June 2025 promised made in America phones and gold smartphones for customers. Both of those promises have been revised and those wanting the gold phones are waiting into 2026.Trump Mobile Phone DelayTrump Mobile walked back its claims that all phones would be made in America earlier this year.Promises of a gold-colored T1 phone have also been pushed back, with a report from the Financial Times saying the phone has been delayed into 2026.Benzing ...

Welcome back to the watch list. I'm Nicole Pedalites. Greg Pendy's with us, equity research director at Clear Street right now.The Dow is down about 193 points. So, we're off the lows on the day. Uh wanted to take a look here at AIdriven Earth observation.Some of the data that's been coming in, why is this something different or advantageous for the new year. >> Yeah, absolutely. So AI data uh from earth imagery, it's been done for years.Uh but what the key changes that we're seeing that take place right no ...

Core Insights - By the end of 2023, there will be 1.3 billion iPhones in use, with over 50% being second-hand devices, indicating an increasing lifespan for Apple's flagship smartphone [1] - Starting in 2024, the average lifespan of an iPhone is projected to reach 8 years, reflecting a trend towards longer usage [1] - The second-hand smartphone market is predominantly dominated by Apple, with a significant rise in consumer interest in refurbished iPhones due to minimal upgrades between generations [2] Group 1 - CCS Insight reports that the iPhone is the most reused smartphone, with a notable increase in interest for second-hand models [1] - Analyst Leo Gebbie highlights that the lack of significant upgrades between iPhone generations contributes to the growing preference for refurbished devices [1] - Consumers are increasingly opting for refurbished iPhones not only for cost savings but also for environmental benefits [1] Group 2 - The current second-hand smartphone market is almost entirely controlled by Apple, which may impact the company's future revenue [2] - Gebbie suggests that Apple may need to consider the implications of this trend on its business strategy in the future [2]

Core Insights - The article discusses the shifting dynamics of Taiwanese manufacturers in response to Apple's strategic pivot towards India, highlighting the varying responses of major players like Pegatron, Wistron, and Foxconn [3][4][6][11]. Group 1: Industry Dynamics - Taiwanese manufacturers, once dominant in the assembly of iPhones, are now facing existential choices due to Apple's "de-risking" strategy, which pushes them to diversify production away from China [3][6]. - Pegatron has sold its factory to Tata, completely exiting the iPhone assembly business, while Wistron has also sold its factory at a loss to maintain its orders from China [3][9]. - Foxconn, the largest of the three, is betting heavily on India with a planned investment of $30 billion, aiming to replicate its successful model from China [11][13]. Group 2: Apple's Strategy - Apple's strategy emphasizes a "China +1" approach, mandating suppliers to establish a presence in India or risk losing orders, effectively making it a survival issue for Taiwanese firms [6][15]. - The company is focused on securing its supply chain by fostering local giants like Tata, which can navigate the complexities of the Indian market better than foreign firms [15][21]. Group 3: Challenges in India - The Indian manufacturing environment presents significant challenges, including unreliable power supply, logistical issues, and a high turnover rate among workers, which complicates operations for Taiwanese firms [17][19]. - Wistron's factory in Karnataka faced a low yield rate of 55% and operational disruptions, leading to its exit from the market [21]. - Tata has managed to stabilize operations by leveraging local relationships, reducing worker turnover, and improving production efficiency [21]. Group 4: Broader Implications - The article suggests that the shift in production dynamics reflects a broader trend of Taiwanese firms losing their previous dominance and becoming more dependent on local partners in India [3][30]. - The changing landscape indicates a structural shift in global manufacturing, where efficiency is being replaced by security, leading to a new era of uncertainty for all players involved [35][37].

Group 1 - Sun Dongxu has left Dongfang Zhenxuan, confirmed by Yu Minhong, citing personal reasons for his departure [4] - Sun Dongxu sold 1.93 million shares over two days, cashing out 2 billion HKD [8] - Yu Minhong expressed hope for Sun Dongxu to return to a management position in the future [4] Group 2 - Apple encourages iPhone 13 and 14 users to upgrade to the new iPhone 17, highlighting the advantages of the new model [5] - The iPhone Air 2 may feature an additional camera lens, while Apple has avoided discussing sales issues related to the Air series [8] Group 3 - CCTV exposed a case of counterfeit live streaming involving actress Wen Zhengrong, where her likeness was used in multiple streams [6]

Core Insights - AppleCare+ is a subscription service aimed at mitigating the high repair costs associated with Apple devices, despite the decreasing prices of Apple products [1][3] - The article discusses personal experiences with AppleCare+, ultimately recommending its purchase while noting that the actual benefits may not align with Apple's marketing claims [1][3] Summary by Sections AppleCare+ Service Highlights - AppleCare+ offers insurance-like coverage for device repairs, which is increasingly necessary given the rising repair costs for Apple products [10] - The service is compared to traditional insurance products, such as car damage insurance, which also aim to spread financial risk [10] Personal Experiences - Experience 1: A user regretted not purchasing AppleCare+ after facing a repair cost of 3448 yuan for a damaged Face ID on an iPhone 12, which was nearly equivalent to the device's second-hand value [3] - Experience 2: After purchasing AppleCare+ for an iPhone 14, the user did not utilize the service despite experiencing issues, indicating that the service may not always be necessary [4] - Experience 3: The user decided to purchase AppleCare+ again when upgrading to a new iPhone, highlighting the ease of the trade-in process and the option to cancel unused AppleCare+ [6][9] Recommendations on AppleCare+ Purchase - For users who prefer using devices without cases, purchasing AppleCare+ is advisable, although using screen protectors is also recommended to maintain device condition [10][11] - Users expecting to replace batteries for free through AppleCare+ may find it less beneficial, as battery health often remains above the threshold for replacement during the service period [11] - For users with high usage or those prone to accidents, AppleCare+ is recommended, but repairs typically require sending devices back to Apple, which may not be convenient [12] - Users in areas without Apple retail stores are advised against purchasing AppleCare+, as authorized service providers may not offer the same quality of service [14] Additional Insights - Users are encouraged to compare trade-in values from Apple with those from third-party platforms to ensure they receive the best deal when upgrading devices [15] - The article concludes with a summary of experiences and insights regarding the value of AppleCare+, suggesting it can be beneficial under certain circumstances [15]

Core Viewpoint - The article discusses a new scheme by second-hand phone sellers targeting young children, using deceptive tactics to lure them into purchasing phones with the promise of gifts and low prices [1][14][75]. Group 1: Scheme Description - The scheme involves a character named "Guoguo Sister" who creates videos enticing children to request phones from her, promising gifts in return for likes and follows [9][10][21]. - The videos utilize bright colors and misleading titles to attract young viewers, capitalizing on children's strong perception of colors [15][18][19]. - "Guoguo Sister" operates multiple accounts with similar content, aiming to reach a wide audience of children [25]. Group 2: Pricing and Product Quality - The pricing strategy includes misleading offers such as "200 yuan for an iPhone 14," which later changes to lower models over time [26][75]. - The actual products sold are often of poor quality, with significant markups compared to legitimate second-hand platforms [63][78]. - For example, an iPhone Xs Max was sold for 1150 yuan, despite its actual market value being significantly lower [40][63]. Group 3: Consumer Experience - Customers, particularly children, often end up disappointed with the quality of the products received, which may include defective items and subpar accessories [56][60]. - The seller's customer service is inadequate, often deflecting responsibility for product issues and offering minimal solutions [69][71]. Group 4: Ethical Concerns - The article raises ethical concerns about targeting vulnerable children with deceptive marketing practices, likening it to historical scams in electronics markets [78][81]. - It emphasizes the need for parents to guide their children towards legitimate purchasing channels to avoid such scams [84][85].

Product Offering - Apple extends a new free offer to all iPhone 14 and iPhone 15 users [1]

Product Offering - Apple extends a new free offer to all iPhone 14 and iPhone 15 users [1]