作者｜陈思竹 编辑｜黄绎达 张帆 苹果近年来在印度市场实现高增的宏观原因之一，正是印度经济高速发展下，人均可支配收入保持强劲增长势头。Wind数据显示，2013-2023年，印度人 均国民可支配收入从68572.48卢比（约5514.60元人民币）增长至108786.18卢比（约8748.58元人民币），10年间增长约1.59倍，年复合增长率约4.72%。 当下印度的人均可支配收入与2007的中国相当，GDP增速水平则对标2013~2015年的中国。回顾苹果在中国的发展历程，2008-2016年间，是苹果在中国的 快速扩张期，随着产业链向中国的深度迁移，产品销量增长明显。由此可见，苹果在印度的相关布局，意在复刻其在华的成功经验。 iPhone 17系列在印度又卖爆了。 据印度媒体报道，9月19日，iPhone 17系列一经上市，便引发印度果粉的狂热抢购，现场不仅排队队伍长达数百米，孟买BKC Jio中心的苹果直营店外甚至 因拥挤而发生过短暂的肢体冲突，最终闹事人员被警卫带离现场，秩序才逐渐恢复。 iPhone 17系列在印度引发的"全民狂欢"，绝非偶然。除了iPhone 17系列的配置大幅升级外，印度也已成为 ...

Core Insights - The iPhone 17 series has seen significant consumer interest, positively impacting the recovery business of the circular economy company, Transsion Group [1] - From September 19 to September 25, the recovery order volume for the iPhone 16 series increased by 609% compared to the same period last year for the iPhone 15 series, indicating strong demand [1] - On the official release day of the iPhone 17 (September 19), the total transaction value of recovery orders for Apple series on Transsion's platform exceeded 100 million yuan, setting a new single-day recovery record [1]

Glenview Trust Company首席投资官Bill Stone表示："显然，新产品的需求比预期更强劲，这有助于推动 该股的买盘。我认为此前的预期较低，所以需求旺盛是一个惊喜，而任何积极的惊喜显然都会对股票起 到支撑作用。"Glenview Trust Company管理着约157亿美元的资产，并持有苹果股票。 智通财经APP获悉，苹果(AAPL.US)周一实现年内股价转涨，距离创下历史新高仅一步之遥。当日该股 上涨4.3%至256.10美元，年内累计涨幅达2.3%。苹果股价在四月因关税不确定性跌至低点，当时年内跌 幅超过30%，但自那以来，该股已累计上涨近50%。 据悉，受iPhone 17系列强劲需求信号推动，Wedbush将苹果目标价从270美元上调至310美元。该机构指 出，iPhone 17系列正推动苹果进入一轮真正的换机周期，并维持对苹果"跑赢大盘"评级。 近期苹果股价走强，原因是关税担忧逐渐消退，且市场愈发乐观地认为对最新款iPhone(尤其是价格较 高的机型)的强劲需求将支撑其增长。 以Daniel Ives为首的分析师团队表示："随着iPhone 17于上周末正式开售，其需求走势超 ...

摩通将苹果至2026年12月的目标价由255美元上调至280美元，相当预测2027财年综合市盈率29倍，基于 更高的盈利预测。 摩通预计随着可折叠iPhone的推出，2027财年升级周期将更为强劲，加上定价顺风加速，将为iPhone带 来低双位数的收入增长。该行预计公司总体收入增长将与iPhone收入同步，2026财年收入增长7%(与 2025财年相近），2027财年则增长10%。 摩根大通发表报告指，iPhone 17系列已在数日前开售(9月12日开始预售)，早期需求迹象显示，本次周 期的出货量不仅有望超过该行最初预期(当时考虑到 iPhone 16 系列出现提前消费后的消化压力)，甚至 有望按年超越iPhone 16系列。受益于改善的出货前景，该行目前预测2026财年(2025年10月至2026年9 月)iPhone出货量为2.36亿部，按年微增 2%，结合各有利因素，该行认为这将支撑iPhone收入录得中至 高个位数增长。 ...

Global Sales Landscape - The global smartphone sales landscape for Q2 2025 shows a "2+8" structure, with Samsung and Apple leading at 19% and 16% market shares respectively, while Chinese brands occupy eight positions, collectively surpassing 58% market share, an increase of 12 percentage points from 2023 [1][2] - Samsung's advantage is driven by the Galaxy A and S series, with the Galaxy A16 5G achieving over 8 million units shipped in a single quarter in India and Southeast Asia, and the Galaxy S25 Ultra capturing 23% of the high-end market [1] - Apple's iPhone 16 series, particularly the Pro Max version, dominates the high-end market with a 68% share in the over $1000 segment [1] Differentiated Growth of Chinese Brands - Xiaomi's "smartphone × AIoT" strategy has led to a 30% annual growth in markets like India and Latin America [2] - Transsion's TECNO Camon 30 has achieved over 55% market share in Africa, leveraging its 64MP night photography capabilities [2] - Huawei's Mate 70 series, featuring the Kirin 9020 chip and satellite communication, has significantly increased its market share in the high-end segment in China [2] High-End Market Competition - In the high-end market (over $800), Apple holds a 62% market share, but faces increasing competition from Huawei and Samsung [4] - The iPhone 16 Pro Max features the A18 chip with a 40% GPU performance improvement, while Samsung's Galaxy S25 Ultra boasts a peak brightness of 2600 nits and advanced camera capabilities [4] - Huawei's Mate 70 Pro+ has seen its market share in the 6000 yuan and above segment rise from 12% to 28% post-launch, directly challenging Apple's position [4] Mid-Range Market Dynamics - The mid-range segment (priced $400-$799) is highly competitive, with Xiaomi, vivo, and OPPO vying for market share [5] - Xiaomi 15 Ultra features advanced cooling technology and gaming performance, while vivo X100s Pro excels in low-light photography [5] - OPPO Reno12 Pro focuses on lightweight design and fast charging capabilities [5] Entry-Level Market Transformation - The entry-level market (under $200) is experiencing a transformation driven by 5G and AI technologies [8] - The Redmi 14C 4G has achieved significant sales in Latin America, while the realme C65 5G has gained popularity for its dual 5G support and efficient power consumption [8] - AI technology is enhancing user experience, with devices like the Infinix HOT 40 Pro offering advanced features tailored to local languages [8] Future Trends and Consumer Choices - The foldable smartphone market is evolving from novelty to practicality, with devices like the Samsung Z Fold7 and Huawei Mate X6 offering enhanced usability [9] - AI smartphones are entering a competitive phase, with Google's Pixel 9 series and Apple's A18 chip providing advanced AI functionalities [9] - Consumers are advised to focus on their specific needs, such as gaming performance, photography capabilities, or business requirements, rather than solely on technical specifications [10]

【导读】iPhone17系列火热开卖，新旧款现货价格齐升 与此同时，国产手机厂商罕见集体点赞苹果新机，小米、OPPO等更迅速调整产品策略正面迎 战。随着消费电子"金九"旺季来袭，iPhone 17系列又能否点燃新一轮换机潮？ 火爆开售，新机引发涨价潮 "橙色256G的iPhone 17 Pro Max有现货吗？多少钱？"面对《中国基金报》记者的问价，在 深圳华强北远望数码商城档口的商家小恋（化名）赶忙说有现货，并拿起柜台上的计算器， 悄悄按下几个数字向记者示意——11000元。 这时是9月20日下午4点左右，而翌日，记者再度前往同一档口，向小恋询价同色同型号的手 机时，价格已涨至11350元。"发售第一天也差不多这个价，目前价格就是实时变动的，所以 我们随时都会更新新的价目表。"小恋告诉记者。 | 新款苹果17 精 史 毛饼 | | | 全系列报价 q.2 | | --- | --- | --- | --- | | 注意:所有机器请在拆封之前在官网登询好激活日期,未激活的情况下先验征好机器,激活后不退不换4 | | | | | 国行:苹果17 6.3寸(双卡) | | | 20w快充头90元 | | 官网59 ...

来源：环球网 【环球网科技报道 记者 王楠】9月19日，苹果iPhone 17系列正式开售，在上海南京东路、北京三里屯 等苹果直营店，清晨便排起了长队。北京三里屯Apple零售店某位顾客果断选购了iPhone 17 Pro Max， 店内Pro Max机型一度紧俏。据店员透露，Pro系列成为此次销售的主力军。 苹果官方零售店工作人员表示，现在下单购买iPhone 17系列预计10月中下旬有货。今年新iPhone销售行 情比去年好，主要有两方面原因：一是iPhone 17标准版售价相比上代产品更为亲民；二是iPhone 17 Pro 系列增加了VC均热板，散热性能显著提升，满足了消费者对手机性能的更高追求。 一位忠实苹果用户称，每年新机发布他都会购买，这次入手了一款256GB版本的iPhone 17 Pro。他表 示，主要欣赏苹果的产品生态矩阵，除了手机，他还使用苹果笔记本电脑等产品，这种生态协同带来的 便捷体验是他持续购买的重要原因。 记者注意到，不少门店外有"黄牛"正在加价收购iPhone 17系列新机，且不同机型和版本的行情有所分 化。总体来看，iPhone 17 Pro Max行情较为抢手，一位"黄牛" ...

iPhone17发售首日，转售市场价格不稳定，尤其是Pro Max 和pro版本，基本是一小时一个价。得物App 显示，iPhone17系列产品几乎每小时价格都在波动，以iPhone 17 Pro Max星宇橙256G版本为例，在发售 首个小时，转售价由11999下降至10999，下降了1000元，此后每小时按照约100元的价格回落，截至今 天下午15点，该系列在转售市场价格回落至10600元，仅溢价600元。 | | 得物售价始终来自当时最低出价商家,平台保障全新正品,请按需购买 | | | | --- | --- | --- | --- | | *6 周 | 星宇橙色 256GB 国行标配【 原 | ¥10789 | 7分钟前 | | | 封 未激活】 | | | | | 星宇橙色 256GB 国行标配【原 | ¥10819 | 8分钟前 | | | 封 未激活】 | | | | 乐* | 星宇橙色 256GB 国行标配【原 | ¥10819 | 11分钟前 | | | 封 未激活】 | | | | ** (=* | 星宇橙色 256GB 国行标配 【 原 | ¥10829 | 20分钟前 | | | 封 ...

上午11点左右，记者在深圳前海壹方城看到，商城人流不多，但苹果旗舰店人流涌动。苹果旗舰店门口有大约70个人在排队提货，店内还有近100名消费者 在挑选产品，门外有几个黄牛提着苹果的白色袋子。11点左右的上海静安寺广场苹果旗舰店，前来取货的消费者也已排上了长队，据记者粗略估算，约有50 个左右的顾客在排队。 广州天环的苹果门店也人山人海。商场入口大排长龙，粗略估算有上百人，现场维护秩序的工作人员表示，取货处从上午7、8点就开始排队，大概需要排1 小时才能拿到，今天现场提货的总计约有一千人。 记者了解到，苹果新款手机开售第一天，不少苹果线下门店已没有现货。黄牛偏爱收iPhone 17 Pro Max，其中橙色款最受欢迎，有黄牛销售的Pro Max 1T款 加价幅度高达1000元。 有苹果店员表示，现在下单iPhone 17系列，最快的到货时间是10月底。 9月19日，苹果新款iPhone 17系列手机正式开售。第一财经记者在北京、上海、广州、深圳的苹果门店都看到，不少人在苹果门口排队。一些门店的门口有 黄牛在加价收货、转手卖货。 上午9点多，第一财经记者在北京大望路的苹果门店外看到不少黄牛堆放着苹果纸袋和iPho ...

Core Insights - Vivo has achieved the top position in the Chinese smartphone market with a 19% market share, leading Huawei by 3 percentage points, while OPPO and Xiaomi follow closely with the same share [1][3] - The S30 and X200s series contributed over 60% of Vivo's sales in the first eight weeks of Q3 2025, indicating strong performance in the mid-to-high-end segment [3] - OPPO experienced the highest growth among manufacturers, with a 4% year-on-year increase in sales, driven by the popularity of the Reno 14 series [3] - Huawei maintained positive growth with a 2% year-on-year increase, supported by supply chain optimization and a strong product lineup, including the Nova 14 series [3] - Apple saw a 6% year-on-year decline in sales in the Chinese market, attributed to fierce competition from domestic brands [4] - Honor's sales dropped by 9% year-on-year, the largest decline among major manufacturers, due to ongoing adjustments in its channel strategy [4][5] - The overall smartphone market in China is expected to see a 3%-5% quarter-on-quarter decline in Q3 2025, influenced by weak consumer demand and a gap in new product releases [5] Company Performance - Vivo's strong performance is attributed to the S30 and X200s series, which are positioned in the mid-to-high-end market [3] - OPPO's growth is linked to its comprehensive product range, particularly the Reno 14 series, which has resonated well with consumers [3] - Huawei's growth is supported by its expanding product portfolio and successful launches, such as the Nova 14 series [3] - Apple's decline in market share is partially offset by the stable performance of the iPhone 16 Pro series [4] - Honor's significant sales drop highlights challenges in its channel strategy and market positioning [4][5] Market Trends - The shift in consumer preference towards mid-to-high-end products benefits brands like OPPO and Huawei [3] - The competitive landscape is intensifying, with domestic brands launching compelling models that meet consumer demands [4] - The overall smartphone market in China is facing a contraction, with expectations of a slight decline in Q3 2025 [5]