vittaya pinpan/iStock via Getty Images What the Hell is Water? “There are these two young fish swimming along, and they happen to meet an older fish swimming the other way, who nods at them and says, ‘Morning, boys, how’s the water?’ And the two young fish swim on for a bit, and then eventually one of them looks over at the other and goes, ‘What the hell is water?’” David Foster Wallace, the great American novelist, opened his commencement speech at Kenyon College with this story in 2005, about three ye ...

Technology giant Apple Inc (NASDAQ:AAPL) saw its stock gain in 2025 with shares up 11.5%. That gain underperformed against several of the leading broad stock market indexes. A new report on global smartphone market share could set the stock up for strong first-quarter financials. • Apple stock is showing upward bias. What’s ahead for AAPL stock?Apple Tops Global Smartphone MarketFor the first time since 2011, Apple is the lone global smartphone leader, according to preliminary data from Counterpoint Researc ...

智通财经APP获悉，Wedbush维持对苹果(AAPL.US)的"跑赢大盘"评级和350美元的目标价，较上周五收 盘价水平约35%的涨幅，同时强调了该股要在2026年达到目标价需要关注的四个关键事项。与此同时， 根据 Counterpoint Research 的市场监测报告的初步估计，苹果在 2025 年引领全球智能手机市场，市场 份额达到 20%，出货量同比增长 10%，在前五大品牌中位居榜首。 iPhone 17 销量大获成功，并将接力棒交给iPhone 18 根据 Counterpoint Research 的市场监测报告的初步估计，苹果将在 2025 年引领全球智能手机市场，市 场份额达到 20%，出货量同比增长 10%，在前五大品牌中位居榜首。 三星以19%的市场份额和5%的同比增长率位居2025年第二位。小米以13%的市场份额保持第三位，而 Vivo位居第四，同比增长 3%。这是苹果时隔多年来首次反超三星，重夺全球最大智能手机制造商的桂 冠。根据Counterpoint的数据，苹果上一次位居全球智能手机销量榜首还要追溯到2011年。 苹果在第四季度智能手机出货量方面也领先，占全球出货量的四分之一 ...

Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) continues to benefit from surging demand for advanced chips, as investors and analysts look ahead to another strong earnings report.Record Quarter In SightTaiwan Semiconductor is poised to deliver a record fourth quarter as demand for artificial intelligence infrastructure continues to fuel growth.Analysts expect the contract chipmaker to report a 27% jump in fourth-quarter net profit to 475.2 billion New Taiwanese dollars ($15.02 billion) for the three mont ...

很多人可能会对此感到费解。iPhone 4使用了早期的传感器，感光能力弱，像素更是仅有500万，作为 对比，最新款的iPhone 17的后摄像素来到4800万，为什么要用iPhone 4来拍照？有趣的是，iPhone 4受 到吹捧的原因恰恰在于硬件上的缺陷所带来的"电子包浆"。 时尚界常说"流行是个圈"，又通常以20年为一个轮回。对于大多数90后甚至00后而言，发布于2010年6 月的iPhone 4可能是很多年轻人的第一部手机或者说第一部智能手机，也承载着许多人的童年、少年。 3.5英寸超小屏幕、棱角分明的外观设计、标志性的不锈钢边框、光滑的背部也没有大幅凸起的 DECO……对于那些有怀旧情怀的人来说，当你再次将这部手机置于手中，就不难理解这次"潮流"。与 当下手机6.7英寸大屏、250克重量和圆润R角等主流设计迥异的iPhone 4，变成了一种"时尚"、"个性"的 象征。 另外，在这股潮流中，iPhone 4的拍照功能也成为了核心的吸引力之一，在TikTok上与#digicam（"复古 相机"）标签相关的贴文超过70万条，视频超过35万条。 2026年伊始，发布迄今已超过十五年的经典机型iPhone 4在 ...

1月5日，《2025抖音科技内容生态报告》（以下简称"报告"）发布，展现了2025年抖音科技内容生态的发展与变化。 报告指出，过去一年，用户对科技内容的需求明显增长，抖音科技内容全年观看量超 1.4 万亿次，相当于每位进入抖音的用户每天观看6次以上科技内 容。优质、深度的科技内容蓬勃涌现，其中30 分钟以上优质的中长视频增长 298%。以U航、造梦小懿、秋芝2046等为代表的抖音科技创作者飞速成长，覆 盖AI、具身智能、极客造物等不同领域，吸引更多用户的目光；而抖音用户对于科技内容日益增长的需求也在影响着科技行业。超 600 家科技企业入驻抖 音，越来越多科技企业在抖音搭建与用户直接沟通的渠道。企业、创作者、用户三方在抖音形成的良性互动，促进科技内容生态的蓬勃发展。 科技内容破1.4万亿次观看，数千万用户在抖音学习 AI 技能 抖音上的 AI 学习热潮覆盖全年龄段人群，其中 18 岁以下青少年的学习热情最高。从老年人学习 AI 工具便利生活，到青少年通过 AI 创作激发创意， 不同年龄段的用户都能在抖音找到适合自己的 AI 学习路径。 2025 年，中国科技事业屡攀新峰，从人工智能的技术迭代到前沿科技的产业落 ...

Investment Rating - The report maintains a "Positive" investment rating for several companies across various sectors, including Southern Copper, Vale, Bunge, Broadcom, and others, indicating a favorable outlook for these companies based on their operational strengths and market conditions [9][10]. Core Insights - The overall risk appetite stabilized in December 2025, with global equity markets experiencing slight gains, rising interest rates, and a weakening dollar. Emerging markets outperformed developed markets, particularly driven by strong performances in AI-related sectors in South Korea [4]. - The report highlights that the financial sectors in Europe and Japan continue to perform strongly, while the semiconductor and tech hardware sectors in emerging markets also show robust performance. In contrast, the tech sector in developed markets is underperforming [4]. - New coverage includes three overseas companies: Adidas, Linde Group, and Walmart, all rated as outperforming their respective industries [4]. Summary by Sections Global Industry Overview - Emerging markets, particularly in AI, are showing strong growth, with South Korea leading the way. Developed markets are seeing varied performances, with Europe outperforming Japan and the US [4]. - The financial industry in Europe and Japan is highlighted for its continued strength, while the semiconductor and tech hardware sectors in emerging markets are noted for their robust performance [4]. Newly Covered Companies - Adidas (ADS.GR) is rated as outperforming the industry due to its strong market position and growth potential. - Linde Group (LIN.US) is also rated positively, reflecting its operational strengths and market dynamics. - Walmart (WMT.US) is rated as outperforming, indicating confidence in its business model and market strategy [4].

Core Viewpoint - The article discusses the changing nature of the Chinese New Year celebrations, highlighting the financial pressures on individuals and the commercialization of the holiday, while promoting Pinduoduo's subsidies and discounts for purchasing New Year goods [2][21]. Group 1: New Year Spending Trends - The article notes that the New Year has transformed from a joyful celebration into a financial burden for many, with individuals feeling pressured to spend excessively on gifts and goods to maintain social status [2][4]. - It emphasizes the concept of "keeping up appearances" during the New Year, where individuals buy expensive gifts despite financial constraints, leading to feelings of regret [4][18]. Group 2: Pinduoduo's Offerings - Pinduoduo launches a "100 Billion Subsidy New Year Goods Festival" starting January 8, offering significant discounts on a wide range of products, including food, beverages, and gifts [2][21]. - The article highlights specific products available at discounted prices, such as 4 barrels of Lu Hua peanut oil for 52 yuan, which is over 100 yuan cheaper than supermarkets [8]. - It mentions the availability of popular snacks and beverages, like Xu Fu Ji chocolates and Coca-Cola, at competitive prices, reinforcing the value proposition of Pinduoduo [8][9]. Group 3: Personal Rewards and Gifting - The article suggests that the New Year is also a time for self-reward, with mentions of high-end products like the iPhone 17 being offered at discounted prices, such as 5,099 yuan for the base model [11]. - It discusses the importance of thoughtful gifting, recommending items like the "Xiao Xian Dun" bird's nest gift box and "Sea Blue Mystery" skincare set as ways to convey care and social status without overspending [18][19]. - The article also highlights the appeal of toys like LEGO for children, which serve as both entertainment and educational tools, making them suitable gifts for the New Year [19][20]. Group 4: Consumer Empowerment - The article emphasizes that consumers can choose between high-end and budget-friendly options on Pinduoduo, allowing them to make informed decisions without succumbing to social pressures [22]. - It concludes by stating that the New Year should not be a financial burden but rather a time for relaxation and enjoyment, with Pinduoduo's subsidies making it easier to celebrate without overspending [21][22].

据美团闪购方面介绍，即时零售连接大量本地实体门店，2025年以来，各地消费者在平台积极领用国补 购物，产生的消费显著带动数码家电实体门店销量增长。今年平台将与更多品牌实体门店合作落地国 补，助力促消费政策红利更好惠及实体门店。针对消费者激增的国补购物需求，平台上线了专属履约服 务，国补订单均由受过专项培训的骑手配送，当面拆封、激活、拍照，确保市民安心"国补购机，即买 即用"。 北京商报讯（记者 郭缤璐）1月10日，新一轮北京国补上线美团闪购。购物平台美团闪购联合华为、苹 果、小米、苏宁易购等品牌门店上线北京国补，北京消费者在美团App搜索"国家补贴"，即可进入相关 页面，按规则领用15%的国补优惠，从附近品牌门店选购手机、平板和智能穿戴设备，下单后即时送 达。以一台原价5999元的256G iPhone 17手机为例，领用国补后，市民可省500元，最快半小时即可收到 新机。 ...

华见早安之声 市场概述 美国最高法院暂未公布对特朗普关税的判决，非农就业数据好坏参半，标普500涨0.6%，创新高，纳指100涨1%。周五与关税高度相关的股票盘中下跌。英 特尔大涨超10%，CEO此前与特朗普会面。甲骨文涨近5%。 非农报告强化了市场对于美联储1月维持利率不变的预期，对利率敏感的2年期美债收益率上行4.39基点。 美元四连涨，升至一个月高点。美元兑日元一度涨穿158，报道称日本首相拟解散议会，为提前大选铺路。 加密货币周五走低，比特币一度跌破9万美元。比特币在周初强劲上涨后回吐涨幅，全周大致收平。 现货黄金价格上涨0.7%，重回4500美元上方，本周累计涨超4%、重新逼近历史高位。现货白银涨3.8%，本周飙升10%。由于伊朗加强了对国内抗议活动的 镇压，以及特朗普威胁称将对示威者采取行动，WTI原油一度涨2.3%、随后涨幅收窄至0.6%。 特朗普："无论难易"都要得到格陵兰岛。 亚洲时段，A股史上第六次成交额突破3万亿，沪指16连阳、站稳4100点，AI应用爆发，港股MiniMax上市首日大涨超100%。 要闻 中国12月CPI同比涨幅创34个月新高，环比转涨0.2%、金饰价格涨5.6%，PP ...