"我永远不会做直播带货，也看不起那些做直播带货的企业家。" 出品 | 电商头条 作者 | 千帆 这是农夫山泉创始人、中国首富钟睒睒去年在一次活动中说的话。对他而言，农夫山泉体量巨大、营收状况良好，基本盘 可以说是很稳固，即使没有直播带货的助力，也能发展得很好，这也就让他有底气宣布自己永远不会直播带货。 不过互联网时代，流量永远是香饽饽，没有哪个品牌会嫌流量太多。为了让自家产品被更多人看到，越来越多的企业家都 下场直播带货，试图发掘新增长点。他们的加入，让直播电商行业有了更多新故事。 董明珠杀入直播带货赛道 年过七十的强人董明珠，似乎永远也停不下来。 近日，董明珠现身"三只小山羊"直播间卖起了大衣。她亲自试穿了多款羊绒大衣，展示给观众看，许多观众发弹幕称"好 看""时尚"。当晚，该直播间热度居高不下，冲到了抖音女装榜前十。 x 1 送/ \/ \/\ 大/ N/ MP @32 天** 加入了直播间 漂亮时尚 2 18 用***: 好看是好看就是有点 18 *** : ● 12 我***· 好好看 8,@电商行业 直播 S 三月川山美 + 1673 图源：抖音 并且做到了风不吹人 图源：抖音 直播界面显示，董明珠 ...

来源：美股研究社 整理 | 美股研究社 在这个快速变化的时代，人工智能技术正以前所未有的速度发展，带来了广泛的机会。《AI日报》致 力于挖掘和分析最新的AI概念股公司和市场趋势，为您提供深度的行业洞察和价值分析。 AI快报 【诺基亚计划在美国进行40亿美元AI投资】 芬兰诺基亚公司表示，计划在美国投资40亿美元用于研发和生产，以加速人工智能（AI）网络连接的 创新。 这家电信设备制造商说，它是与美国总统特朗普政府合作宣布这项投资的。 "诺基亚在一份声明中说："我们扩大投资将有助于加强美国的能力，通过人工智能优化的大规模连接提 供更高的安全性、生产力和繁荣。 【高盛合伙人：美股出现多头缴械迹象，市场似乎正进入AI周期的新阶段】 高盛合伙人Tony Pasquariello认为，美国股市已出现多头"缴械"迹象，预计在市场企稳前还会出现进一 步抛售。 Pasquariello写道："虽然更低的价格可能会引发系统性和主动交易者的更多抛售，且10月的'派对后遗 症'或尚未完全消退，但我的直觉是，本周市场经历了显著的风险转移，并出现了一些投降迹象。" 他指出，虽然英伟达公布了"令人印象深刻的超预期业绩并上调了指引"，但市 ...

芬兰诺基亚公司表示，计划在美国投资40亿美元用于研发和生产，以加速人工智能（AI）网络 连接的创新。 这家电信设备制造商说，它是与美国总统特朗普政府合作宣布这项投资的。 "诺基亚在一份声明中说："我们扩大投资将有助于加强美国的能力，通过人工智能优化的大规 模连接提供更高的安全性、生产力和繁荣。 【高盛合伙人：美股出现多头缴械迹象，市场似乎正进入AI周期的新阶段】 高盛合伙人Tony Pasquariello认为，美国股市已出现多头"缴械"迹象，预计在市场企稳前还 会出现进一步抛售。 整理 | 美股研究社 在这个快速 变 化的 时代， 人工 智能技术正以前所未有的速度发展，带来了广泛的机会 。 《AI日 报 》致力于挖掘和分析最新的AI概念股公司和市场趋势，为您提供深度的行 业 洞察和 价 值 分析。 A I 快 报 【诺基亚计划在美国进行40亿美元AI投资】 【中信证券：英伟达指引、Google Gemini 3超预期 持续看好AI PCB板块】 中信证券研报指出，近期英伟达FY26Q3业绩表现及FY26Q4业绩指引超预期，同时谷歌发布 Gemini 3，模型性能大幅提升，表现超预期。我们认为背后本质是AI产 ...

Core Insights - 2026 is anticipated to be a pivotal year for Apple, with significant product innovations expected across its core product lines, including foldable devices and smart home products [1] Product Innovations - The foldable iPhone is expected to launch in September 2026, featuring a 5.3-inch screen when folded and a 7.8-inch display when opened, powered by the A20 Pro chip and 12GB of RAM, with a starting price of $1999 [2] - The iPhone 18 Air will see targeted upgrades, including dual 48MP rear cameras and will launch alongside the foldable iPhone [3] - The entry-level iPhone 17e is set to debut in Spring 2026, featuring the A19 chip and likely incorporating the Dynamic Island feature [3] Mac Product Line - The MacBook line will see regular upgrades in early 2026, with a new entry-level model featuring a 13-inch LCD screen and A18 Pro chip priced below $999 [5] - Major innovations in the MacBook Pro line will include the introduction of OLED displays and touch functionality, aimed at competing with high-end Windows laptops [7] - The Mac Studio will be updated with M5 Max/M5 Ultra chips, and a new Studio Display is expected to feature miniLED technology [7] Smart Home Expansion - Apple plans to release a smart home control hub in Spring 2026, featuring a 7-inch display and priced at $350, integrating various smart home functionalities [8] - Upgraded versions of HomePod mini and Apple TV will be launched, featuring new IoT chips, with Apple TV potentially supporting Apple Intelligence features [9] Other Product Developments - The iPad line will continue to diversify with OLED iPad mini and A18 chip models, while the first smart glasses are not expected until 2027 [10] - The Apple Watch will receive a significant upgrade with the addition of Touch ID for enhanced security and convenience [10] - Apple's ongoing efforts to reduce reliance on external suppliers are evident in its development of in-house chips and technologies, enhancing product competitiveness [10]

以下文章来源于Counterpoint 咨询 ，作者Counterpoint Counterpoint 咨询 . Counterpoint Research 是一家专注于科技行业的全球性研究公司，在全球主要的市场有着强大的影响 力。我们致力于为合作伙伴提供准确、及时的市场数据，帮助他们做出明智的决策。 由于政府对监管能力和数据安全的担忧，中国在采用 eSIM 技术方面一直态度谨慎。 几年来，出于监管和安全方面的考量，中国一直未在智能手机上引入 eSIM。由于国内所有手机号都 必须绑定实名身份，监管部门担心远程激活的 eSIM 会增加用户身份核验与网络监管的难度。同 时，限制措施也旨在确保所有通信都在国内网络体系内进行，并符合国家数据监管要求。 最初，eSIM 仅用于智能手表和物联网设备。苹果、华为、小米、OPPO、vivo 等品牌在中国销售的 手机均采用双实体 SIM 卡槽；即便它们的海外版本早已支持 eSIM，中国市场仍未开放这一功能。 这一政策还在亚洲引发了连锁效应。由于中国品牌在印度、越南等市场占据主导，它们坚持双 SIM 卡设计使得非 eSIM 机型成为区域主流。本地小品牌既难与中国的高性价比机型竞争 ...

Investment Rating - The industry investment rating is "Overweight" (maintained) [1] Core Insights - The domestic electronic sector continues to face pressure, with a notable decline in the electronic industry index by 4.44% this week, driven by factors such as the US tech stock pullback and ongoing storage price increases [3][4] - AI demand remains strong, leading to significant price hikes in storage, with Samsung increasing certain memory chip prices by 60% this month [5] - The North American data center construction is hindered by power shortages, impacting AI infrastructure development [5] Summary by Sections Market Review - The electronic industry index fell by 4.44% this week, with consumer electronics down 5.49% and semiconductors down 3.97% [3] - US tech stocks showed a slight recovery after the government shutdown ended, with notable gains from companies like Nvidia and AMD [3] Industry Updates - Domestic chip production is accelerating, with new product iterations and significant developments in AI-related hardware [4] - The AI glasses market saw a tenfold increase in sales during the Double Eleven shopping festival [4] Investment Recommendations - The report suggests focusing on technology sectors that have seen significant corrections but have potential catalysts, including companies like SMIC, Huahong Semiconductor, and others [6]

Core Insights - Only 10% of iPhone 17 buyers chose the Air model in the initial sales period, indicating a potential lack of interest or satisfaction among consumers [1] - Consumer dissatisfaction has been noted regarding the Air's camera, sound quality, battery life, and pricing, which may impact future sales and brand perception [1] Summary by Categories Consumer Preferences - A survey revealed that just one in ten iPhone 17 purchasers opted for the Air model, suggesting limited appeal [1] Product Performance - Users expressed dissatisfaction with several aspects of the Air, including its camera quality, sound performance, battery longevity, and overall pricing [1]

Core Insights - Apple Inc. reported record iPhone upgrades in September, driven by strong demand for the iPhone 17 lineup, with several models facing supply constraints [1][5][6] Product Performance - The iPhone 17 lineup is described as the strongest ever, with the iPhone 17 Pro being highlighted as the most advanced model to date, and the standard iPhone 17 now featuring previously exclusive Pro series attributes, enhancing its value proposition [2][3] - Apple is reducing production of the iPhone Air model while increasing output for other iPhone 17 variants to meet high demand, with projections for the iPhone Air's production dropping below 10% starting in November [3] Market Dynamics - In China, Apple sees a vibrant market with increased store traffic year-over-year, and anticipates returning to growth in fiscal Q1 2026, driven by strong iPhone demand [4] - The company experienced a significant surge in upgrades from existing users, setting a September record for upgraders, although it is too early to determine trends among customers switching from competitors [5] Financial Performance - For the fiscal fourth quarter, Apple reported revenue of $102.47 billion, exceeding analyst expectations, with earnings per share at $1.85, also surpassing estimates [7] - iPhone revenue increased to $49.02 billion, up from $46.22 billion year-over-year, contributing to an overall revenue growth of 8% and a 13% increase in earnings per share [8]

根据全球供应链传出的最新消息，苹果公司正在对iPhone 17系列的生产计划进行显著调整，其中超薄机型iPhone Air的产量预计将被削减约100万台。这一决 策直接源于该机型上市后在全球多个关键市场需求低于预期的市场表现。 需要注意的是，iPhone Air的市场遇冷并非因为iPhone 17系列整体销售乏力。只是iPhone Air的产量被单独下调。从产品本身探寻原因，iPhone Air为了追求 极致的轻薄设计，从配置来看，为追求超薄设计，该机型可能在处理器规格、电池容量等核心参数上有所取舍，比如分析指出，iPhone Air电池容量被限制 在约2900mAh，并且在2025年仍维持单摄像头配置，这难以满足用户对续航和摄影的基础需求。 同时，iPhone Air定价高于功能得到大幅增强的标准版iPhone 17，却又无法提供与iPhone 17 Pro相匹敌的高端性能。 值得关注的是，2025年第三季度，苹果全球智能手机市场份额为18.2%，仅较上年同期微增0.1个百分点，增长动力不足。苹果虽在中国市场实现1%的同比 增长，但并未实现绝对绝对优势，甚至此前2025财年第一季度，大中华区营收曾同比下滑1 ...

Core Viewpoint - Apple's CEO Tim Cook emphasized the company's commitment to accelerating its entry into the Chinese market with AI, stating that avoiding AI is no longer a viable option for businesses [1][6] Group 1: Apple's AI Strategy in China - Tim Cook's visit to China serves a dual purpose: promoting the new iPhone 17 Air and addressing the challenges of introducing Apple Intelligence in the market [3] - Apple's revenue in China had previously declined, attributed to a lack of strong AI features in its product line [3][4] - The integration of AI capabilities is crucial for Apple to maintain its competitive edge in the world's largest smartphone market [4][6] Group 2: Collaboration with Local Tech Giants - To navigate the complex regulatory environment in China, Apple plans to collaborate with local tech leaders like Alibaba and Baidu [8] - Baidu's Wenxin Yiyan model is expected to serve as the core cloud engine for Apple Intelligence, while Alibaba will assist with content compliance and regulation [8] - This partnership represents a strategic balance between maintaining a unified global experience and adapting to the unique requirements of the Chinese market [8][9] Group 3: Future Developments - Apple's goal is to launch Apple Intelligence in China by the end of the year through updates to future iOS versions [8] - The announcement marks a shift in Apple's AI strategy from planning to active implementation, potentially enhancing the user experience for millions of iPhone users in China [9] - The entry of Apple into the Chinese AI landscape is expected to intensify competition within the local tech industry [9]