1. 2月23日(周一)美股盘前，美股三大股指 期货齐跌。截至发稿，道指期货跌0.42%，标普期货跌 0.46%，纳指期货跌0.62%。 2. 截至发稿，欧洲股市主要指数涨跌互现。欧洲斯托克50指数跌0.12%，英 国富时100指数涨0.09%，法国CAC40指数跌0.01%，德国DAX30指数跌0.5%。 3. 截至发稿，WTI原油 涨0.21%，报66.62美元/桶。布伦特原油涨0.21%，报71.45美元/桶。纽交所 黄金涨1.74%，报5169.5美 元/盎司。 市场消息 1、特朗普称美国最高法院裁决无意间赋予其更多权力，可更强大使用关税措施。 2、欧盟势将冻结对与美国贸易协议的批准程序，欧盟特使将于周一下午开会讨论相关贸易问题。 3、 英国央行货币政策委员泰勒表示还需2到3次降息，美国高额关税政策将长期持续。 4、国际现货黄金和 白银价格显著上涨，伦敦现货黄金逼近5200美元/盎司。 5、比特币日内一度跌破65000美元，触发约2.3 亿美元多头清算，美股加密货币概念股盘前走低。 6、诺和诺德股价下跌13%，跌至2021年6月以来最 低水平，因试验效果不及礼来。 7、美股盘前芯片 半导体板块走低，台 ...

来源：环球网 更值得关注的是，iPhone 18 Pro Max将搭载基于台积电2纳米制程工艺打造的A20 Pro芯片。相较于前 代，2纳米工艺有望带来显著的能效优化。电池容量的小幅增长与芯片功耗的进一步降低相结合，或将 使该机型在日常使用中实现1.5至2天的续航时间。 不过，iPhone 18 Pro Max未必是苹果产品线中电池容量最大的机型。据传，计划于明年秋季同步亮相的 折叠屏iPhone Fold，可能配备高达5500mAh的电池。但考虑到其展开后屏幕尺寸达7.8英寸，实际功耗 仍存在变数，最终续航表现有待实测验证。 分析认为，对于愿意为高端机型支付溢价的用户而言，续航问题或不再成为使用痛点。据悉，折叠屏 iPhone Fold的起售价可能超过2000美元。 ...

  URIndia is hosting one of the largest global gatherings focused on artificial intelligence (AI) this week, welcoming industry leaders, top tech executives and AI researchers from across the world. The India AI Impact Summit 2026, beginning Monday in New Delhi, aims at addressing the benefits and risks of the rising use of AI.   Google rolls out Android 17 beta 1 update: What's new, and eligible devices  After postponing the release of Android 17 beta 1 update, Google finally rolled it out to select Pixe ...

Core Viewpoint - The pricing strategy for the upcoming iPhone 18 Pro and iPhone 18 Pro Max is expected to remain consistent with the previous generation, which is significant given the current economic environment and rising costs in the semiconductor industry [1][3]. Pricing Strategy - The decision to keep prices stable is seen as a testament to Apple's ability to manage costs effectively, especially in a market where high-end memory production is constrained and costs are rising [1][3]. - Maintaining price stability is more challenging than raising prices, as it requires balancing profit margins, product experience, and raw material fluctuations [3]. Cost Management - Apple is reportedly negotiating better memory prices with suppliers like Samsung and SK Hynix, while also optimizing procurement structures for key components such as displays and camera modules [5]. - This approach reflects Apple's strategy of managing costs through supply chain optimization rather than simply reducing product specifications [5]. Market Positioning - The decision to not increase prices sends a strong signal that Apple aims to maintain stability in the high-end market amidst rising costs and the AI wave [7]. - High-end smartphone users prioritize perceived value over absolute pricing, and consistent pricing helps preserve brand trust [7]. Consumer Impact - The stable pricing, coupled with potential upgrades in features, lowers the psychological barrier for consumers considering a device upgrade, especially in a more rational consumer environment [7][11]. - The message of not raising prices is viewed as a sign of respect towards consumers, indicating Apple's commitment to providing value even in a challenging cost environment [11]. Cautionary Note - While the supply chain information is not officially confirmed, any significant fluctuations in the costs of memory or other critical components could still lead to adjustments in final pricing [9]. - Apple's choice to maintain original pricing suggests a prioritization of high-end market share over short-term profit increases [9].

Core Viewpoint - Samsung Electronics is actively considering reintroducing dual aperture camera technology in its future flagship smartphones, responding to competitive pressures from Apple, which is rumored to implement similar technology in its upcoming iPhone 18 Pro models [1][3]. Group 1: Technology Development - The dual aperture feature was previously included in the Galaxy S9 and S10 series but was removed starting with the Galaxy S20 series [1]. - Samsung has requested its key optical component suppliers, Samsung Electro-Mechanics (SEMCO) and MCNEX, to develop new generation dual aperture module samples, with initial prototypes already delivered [3]. - If development proceeds smoothly, the technology could return with the Galaxy S27 series in early 2027, marking a seven-year gap since its last application [3]. Group 2: Competitive Landscape - The re-evaluation of dual aperture technology is seen as a response to Apple's anticipated introduction of a variable aperture system in the iPhone 18 Pro and Pro Max, which is expected to support dynamic adjustments between f/1.6 and f/2.2 [3]. - Samsung has historically monitored Apple's product movements closely, indicating the competitive nature of the high-end imaging market [3]. Group 3: Market Trends - As mobile imaging enters a phase of deep integration between hardware and algorithms, there is renewed emphasis on optical innovations at the physical level [4]. - Successful integration of the new generation dual aperture with AI image processing could create a new technological barrier in the high-end market for Samsung [4].

Core Viewpoint - Apple aims to maintain the same pricing for the upcoming iPhone 18 Pro and iPhone 18 Pro Max as the current models, despite rising global memory prices, through supply chain optimization and cost control strategies [1][3]. Group 1: Memory Price Trends - DRAM and NAND flash memory prices have significantly increased since the second half of 2025, driven by the expansion of artificial intelligence infrastructure, creating cost pressures across the consumer electronics industry [3]. - Apple has not been significantly impacted by these rising costs due to its strong bargaining power and proactive supply chain management [3]. Group 2: Pricing Strategy - Analysts, including GF Securities' Jeff Pu, believe that Apple's advantages will help it avoid raising prices for the next generation of high-end iPhones, with expected starting prices for the iPhone 18 Pro series remaining at $1,099 (256GB) and $1,199 (256GB) for the iPhone 18 Pro Max [3]. - Renowned analyst Ming-Chi Kuo also noted that Apple's long-term supply agreements and inventory buffers allow it to effectively mitigate risks from memory price fluctuations, emphasizing that maintaining price stability is a key strategic goal for the company [3][4]. Group 3: Supply Chain Management - Apple CEO Tim Cook indicated during the Q1 2026 earnings call that memory and flash costs have not yet materially affected product pricing, but could pose challenges later in the year if trends continue [4]. - Reports from late December 2025 suggested that Apple significantly increased its memory chip orders from Samsung, which could help lower unit costs through economies of scale and potentially reshape its memory supply chain by shifting some orders from Micron and SK Hynix to Samsung [4].

Group 1: Service Consumption Policy - The Ministry of Commerce plans to establish a "1+N" policy system to foster new growth points in service consumption, focusing on over 10 specific areas including home services, automotive aftermarket, and inbound consumption [2] - A comprehensive action plan will be developed to enhance service quality and benefit the public, featuring over 60 specific measures aimed at improving service supply in cultural entertainment, tourism, and sports events [2] Group 2: Computing Power Infrastructure - The Ministry of Industry and Information Technology is initiating the construction of national computing power interconnection nodes to enhance overall computing power levels, targeting regions and industries with high demand [2] - The initiative includes the establishment of unified service platforms for regional nodes and market-oriented services for industry nodes, ensuring standardized interconnection and efficient application of computing resources [2] Group 3: Pre-prepared Food Standards - The National Health Commission released a draft standard for pre-prepared dishes, clarifying that these do not include staple foods, ready-to-eat foods, or dishes made in central kitchens [3] - The standard emphasizes minimizing the shelf life of pre-prepared dishes to a maximum of 12 months and prohibits the use of preservatives [3] Group 4: Artificial Intelligence Industry Growth - Guangdong Province anticipates that the core AI industry will reach a scale of 300 billion yuan by 2025, with integrated circuit production expected to increase by 152% compared to 2020 [4] - The province also projects a 39% year-on-year growth in civilian drone production, accounting for over 90% of the national output by 2025 [4] Group 5: Duty-Free Stores in Hainan - Hainan Province will open five duty-free stores for daily consumer goods in three cities, with operations starting on February 11 [5] Group 6: Strategic Partnerships in Autonomous Driving - Xiaoma Zhixing and Moer Thread have formed a strategic partnership to advance L4-level autonomous driving technology, focusing on training and validating models using Moer Thread's computing resources [6] - XPeng's upcoming SUV, the GX, will feature L4-level autonomous driving capabilities and is currently undergoing technical validation [7] Group 7: AI Investments by Major Companies - Amazon plans to invest $200 billion in AI infrastructure this year, raising concerns among investors about profit margins before returns materialize [12] - Nvidia is reportedly not launching any new gaming graphics cards this year due to prioritizing AI chip supply amid storage chip shortages [11] Group 8: New Product Launches - The upcoming iPhone 18 Pro Max is expected to feature a battery capacity exceeding 5000mAh, marking a significant increase from previous models [13] - The handheld gimbal camera "Pocket" by Ying Shi is set to launch in the first half of 2026, featuring a long-focus capability [10] Group 9: Corporate Developments - LG Energy has terminated its joint venture with Stellantis and will acquire the latter's 49% stake in NextStarEnergy [14] - Mu Yuan Co., Ltd. has been listed on the Hong Kong Stock Exchange, raising approximately 10.47 billion HKD [16]

Group 1 - Apple recently launched the new AirTag, maintaining its price at 249 yuan for a single unit and 849 yuan for a four-pack [1] - CEO Tim Cook announced during a conference call that Apple will unveil greater surprises and innovations later this year, with rumors suggesting over 20 new products are set to be released [3] - The recently introduced second-generation AirTag is considered just a precursor to the upcoming innovations [3] Group 2 - There are strong indications that Apple will release its first foldable iPhone in the second half of the year, featuring specifications aligned with the iPhone 18 Pro and iPhone 18 Pro Max, and will debut the new A20 Pro chip [5][7] - The A20 Pro chip will utilize TSMC's latest packaging technology and be manufactured using a 2nm process, enhancing overall performance and efficiency while reducing power consumption [7] - The foldable iPhone is expected to have an outer screen size of 5.5 inches and an inner screen size of 7.8 inches, with advanced features such as a "near-zero crease" effect and self-healing coating technology [9] Group 3 - Samsung Display (SDC) is set to be the exclusive screen supplier for Apple's first foldable phone, planning to ship 11 million units of the iPhone Fold's inner and outer screens, which is over 30% higher than previous expectations [11] - Apple is also reportedly developing its first smart glasses, Apple Glasses, which are expected to be unveiled this year and released next year, designed to work in conjunction with the iPhone and centered around AI Siri [13]

Core Viewpoint - Apple is reportedly planning to redefine mobile connectivity boundaries with the upcoming iPhone 18 Pro series by introducing 5G satellite communication capabilities, marking a significant technological leap in smartphone hardware competition [1] Group 1: Satellite Communication Functionality - The new "satellite 5G" feature is expected to expand the application of satellite communication from emergency rescue to daily communication, providing real-time connectivity beyond terrestrial cellular network coverage [1][2] - Unlike the current "satellite emergency SOS" function, which is limited to sending text messages in no-signal areas, the new feature will support voice calls and data transmission with bandwidth capabilities increasing from kilobits (Kbps) to megabits (Mbps) and even gigabits (Gbps) [1][3] Group 2: Technical Specifications and Upgrades - The current satellite emergency SOS function is constrained by low bandwidth, allowing only minimal data transmission, while the new 5G satellite communication technology is expected to break the kilobit per second (Kbps) transmission barrier, significantly enhancing user experience [3] - This upgrade is anticipated to elevate the market positioning of the iPhone 18 Pro and iPhone 18 Pro Max, providing users with true communication freedom in areas lacking ground network coverage [3] Group 3: Commercialization and Operator Collaboration - The commercialization of the "satellite 5G" feature will depend heavily on partnerships with telecom operators, contrasting with the current emergency SOS feature that is not charged to customers [4] - Apple may need to establish close collaborations with domestic and international operators, and the initial rollout of this feature may be limited to specific regions, with potential costs depending on agreements with local operators [4]

Group 1 - The next-generation flagship iPhone is expected to be released within eight months, with the iPhone 17e potentially launching even sooner, in one month [1] - Analyst Jeff Pu revealed specific details about the iPhone 18 Pro, iPhone 18 Pro Max, and Apple's first foldable phone, likely named iPhone Fold, including screen sizes, processor configurations, and camera specifications [3] - The standard iPhone 18 is reported to be delayed until spring 2027, to be released alongside the iPhone 18e [3] Group 2 - The iPhone 18 Pro and Pro Max will maintain screen sizes of 6.3 inches and 6.9 inches, respectively, and will feature a similar design to the current iPhone 17 Pro series [4] - Both models are expected to have a 48-megapixel triple rear camera and an 18-megapixel front camera, along with 12GB of RAM [4] - Upgrades include the A20 Pro processor and a new self-developed modem, C2, with a smaller "Dynamic Island" area [4] Group 3 - The iPhone Fold will share several core configurations with the Pro models, including the front camera, 12GB RAM, A20 Pro chip, and Apple C2 modem [5] - Unlike the Pro models, the iPhone Fold will not feature the "Dynamic Island" design and is expected to include Touch ID fingerprint recognition [5] - The external screen size will be 5.3 inches, while the internal screen can expand to 7.8 inches, making the device wider than previous iPhones [5]