GC Tech_iPhone 17、Watch Ultra 3、AirPods Pro 3 全新发布；卫星功能；延伸至供应链和股票思路-_ iPhone 17, Watch Ultra 3, AirPods Pro 3 newly launched; Satellite functions; read across to supply chain and stock ideas

GC Tech: iPhone 17, Watch Ultra 3, AirPods Pro 3 newly launched; Satellite functions; read across to supply chain and stock ideas 10 September 2025 | 4:37AM HKT In this report, we highlight the key specification changes in Apple's new product launch (iPhone 17 series, Apple Watch 11, Apple Watch Ultra 3, AirPods Pro 3, etc.) and read across to our supply chain and stock ideas. We are positive on the form factor change to drive replacement demand and increase the total shipment volume (see Exhibit 1 for Appl ...