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1. Zhang Rujing then set out: invest 7 billion 12-inch wafer fab in Guangzhou;
According to Zhongxin.com, the first 12-inch chip manufacturing plant in Guangzhou, with a total value of 7 billion yuan, is to start a 12-inch chip manufacturing project in Guangdong and start construction on 26th in Guangzhou Knowledge City, which will fill the city's manufacturing industry's lack of core 'Blank.
In June of this year, Zhang Ru-jing, who ceased to serve as the general manager of Shanghai Suncent Semiconductor, came to a mystery and was chased by the media for the interview. He witnessed the ups and downs in the development of China's semiconductor industry. He said in a number of public occasions the most What is done is when the first person to eat crabs opens a leading CIDMCommune IDM in China.)
It is understood that the total investment of 12-inch chip manufacturing in Guangdong core about 70 billion yuan, 30,000 12-inch wafer wafers per month, the annual sales income of 3 billion yuan, reaching the design and production capacity of production revenue of up to 10 billion yuan, Will lead the upstream and downstream enterprises to form a production value of 100 billion yuan.The project siting is located in the new energy and value innovation park of new energy and new knowledge of Guangzhou Knowledge City and is expected to be completed and put into operation in the first half of 2019.
In September of this year, the Huangpu District Government and Guangzhou Development Zone Administrative Committee and Dr. Zhang Rujing signed a cooperation memorandum of cooperation (CIDM) project. Zhang Rujing and the team plan to jointly design a chip company, a terminal application enterprise and a chip manufacturing plant with a total investment of 6.8 billion yuan Building a collaborative chip manufacturing (CIDM) project.
With its international team, YMCA is committed to building China's first collaborative chip manufacturing project that utilizes VIDM (VirtualIDM) as its operating strategy to meet the application needs in the fields of IoT, car networking, artificial intelligence, and 5G.
Guangdong project is located in Knowledge City New Energy and New Material Value Innovation Park, the park planning area of 6.4 square kilometers, integrated circuit industry innovation park as a garden in the park, to build a Guangzhou into a core intellectual garden. The day before the start of construction (December 25), 15 enterprises signed a contract to settle in the IC Industrial Innovation Park in Guangzhou Development Zone, including 14 industrial projects and an integrated circuit industry fund of up to 5 billion yuan in scale.
To understand 'CIDM', first clear 'IDM'. The latter is the mainstream business model of integrated device manufacturing, such as Intel, Samsung, Toshiba and so is the model of the representatives of the manufacturer's business scope covers the design, manufacture, packaging test And other sectors, the funds, products, personnel, etc. have very high demands.
However, the 'CIDM' model is an open one, completely abandoning the 'go-it-alone' model, where several design firms set up factories together, resulting in resource sharing, risk sharing and synergy. 'This model 'Offensive and defensive retreat', capacity allocation can be internally negotiated, the excess capacity to develop other customers. 'Zhang Rujing previously conveyed a clear view to the outside world.
It is understood that this model has been put into practice all over the world. Singapore's TECH is famous CIDM company, which consists of Texas Instruments (TI), EDS, Cannon, Hewlett-Packard four Family companies co-investment from the second year after the establishment has produced some profits, after the acquisition by Micron.
Set micro-network was informed that the CIDM company name was identified as core IC Manufacturing Corporation (Sien IC Manufacturing Corporation, SIMC). SIMC settled in Huangpu District of Guangzhou. In fact, on October 20, Ningbo Core En Semiconductor Technology Co., Ltd. (Sino-foreign joint ventures ) Has been registered in Ningbo, the registered capital of 10,800,000 yuan.
According to Ji Wei network learned that Zhang Rujing originally intended to set up factories in Ningbo, but due to the Ningbo municipal government decision-making is too slow, the first to Guangzhou.
2. Mobile phone brand concentration from the end of the big, who will be happy in 2018 Who confused;
(Set micro / text) high-growth opportunities for the domestic smart phone shipments no longer in the upcoming 2017 mobile phone market in the domestic market is not optimistic about the continued decline in handset shipments throughout the year, large brands account for the absolute market share, small and medium-sized manufacturers Downturn in Business Outlook In 2018, the polarization of the mobile phone market will intensify and the concentration of first-tier brands will further increase while that of second and third tier mobile phone brands will be even more passive and confused.
Centralized mobile phone brands in China, Samsung bear the brunt
The domestic mobile phone brands such as Huawei, Oppo and Vivo will continue to rise in power in 2017, and the gap with Apple and Samsung will gradually narrow, and the advantages in the market, supply chain and other aspects will become increasingly clear. According to market research firm Gartner, Shipments of smart phone brands predict that the total smart phone market in China will reach 415 million units in 2017, with Huawei, Oppo and Vivo taking the top three respectively, accounting for nearly 80% of the shipments.
According to market research firm Kantar Worldpanel, the top 10 handset makers such as Huawei, Xiaomi, Apple, Oppo and Vivo in China accounted for 91% of the market in the first ten months of the year, and this number will be further increased ZTE, Meizu and Lenovo and other second and third tier brands more and more small market space.
In the upcoming 2018, the concentration of domestic first-line mobile phone brands will continue to increase, in addition to the domestic second and third tier mobile phone manufacturers affected at the same time, Apple, Samsung's market share will also continue to be affected.Industry believes that the Samsung mobile phone Will bear the brunt, 2018 will still be the enemy, and Apple and Huawei / Oppo / Vivo competition, will gradually play down Samsung's domestic mobile phone market share; the same time, the development of the domestic mobile phone market is not optimistic, the second and third tier mobile phone brand will be more Into the bleak operating difficulties.
Suppliers in the supply chain also pointed out that in 2017, the domestic handset market is in the process of eliminating the weakness and weakening. The domestic handset brands Huawei, Oppo, Vivo and Xiaomi are relatively competitive and will continue to expand the market share of second and third tier handset brands Of the leading disparity in 2018. The domestic mobile phone market is still the larger trend of the larger Samsung in 2017 has been depressed in the domestic mobile phone market in 2018 in the domestic mobile phone brands sprint market share under the layout of Samsung's market share will not increase minus .
In addition, in the past, international mobile phone brand manufacturers such as Samsung, Nokia and Motorola Mobility had excellent product marketing, R & D strength and supply chain relationship. Now Motorola Mobile has been incorporated into Legend's, making it impossible for the legend to recur. HMD Global has obtained the Nokia brand license. Thanks to the support of Foxconn, a subsidiary of the Hon Hai Group, the Nokia handsets are back in the limelight, but in 2017 Nokia responded fairly evenly in the smartphone market.
Attack overseas from the domestic market, hoping, confused and fantastic
Facing the trend of accelerating saturation and increasing competition in the domestic handset market in 2017, the domestic handset brands Huawei, Oppo, Vivo and Xiaomi continue their transformation. With the advantages of the domestic market, they have all exploited the market to target overseas markets. In addition to improving the shipping impulse In addition, it has also gradually upgraded its product strength and stabilized its supply chain.
Among them, Huawei, which continues to be the leader in the domestic market, is also full of ambition for the high-end market, actively exploring the water temperature in the high-end handset market with the intention of narrowing the distance with Apple and in 2018, it will further increase its overseas market through sub-brand glory, And the advantages of magnification.
As for Oppo, Vivo also fully into overseas markets, and launched a wave of marketing, has achieved good results in 2017, but also make the international mobile phone brand factory pressure, while the other hand, the domestic market, in addition to Apple in the domestic mobile phone market Continue to occupy a place, other international mobile phone brands in the domestic market are facing difficulties, the market share continued to decline in 2018 or hard to change.
Supply chain makers said that the domestic mobile phone brand factory and the upstream supply chain work closely together with the effective layout, making Huawei, Oppo, Vivo, millet and other rapidly gaining popularity in the global handset market.In the domestic market, in addition to international handset brand manufacturers performance Not good, the Taiwan-based mobile phone brands HTC, Asustek and other domestic market in 2018 is also difficult to have performance, Taiwan-based mobile phone brand factory will be more optimistic, of which HTC handset research and development team sold to Google, the shipments fell sharply , A little ahead of the Asus global rankings also opened in the top 15.
Supply chain manufacturers believe that the mobile phone supply chain covers the fields of panels, touch panels, acoustics, electronics, machinery, materials and the like, and requires cross-field talents as well as big market support for the development of mobile phone brand factories. There is no domestic mobile phone brand factory in Taiwan Market home advantage, but also the lack of a complete domestic supply chain support, has been the top domestic mobile phone brands left behind.
Taking Oppo as an example, it was revealed that Oppo's handset market in China grew by over 10% in 2017 and grew by over 20% in the overseas mobile phone market. In 2018, Oppo's global handset sales have the opportunity to challenge 120 million branches. Oppo continues to deepen its channel operation , Took the opportunity to launch new retail outlets in first-tier cities in China to expand its flagship store layout and boost its brand image and product marketing efforts.
So, the mobile phone market is still the bigger one in 2018. The advantage of handset brands in China will be further highlighted.DIGITIMES Research estimates that among the top 5 handset brands in 2018, the shipments will need to exceed 80 million. Among the top ten mobile phone factories, domestic brand manufacturers will still hold 7, Korean manufacturers will have Samsung and LG, and Apple will be the only non-Asian manufacturer.
In the meantime, in the trend of reshuffle of the domestic handset market in 2017, the global handset market will be full of hope, confusion and fantasy in 2018, and will be further expanded with the strategic upgrade of the domestic handset market in the sea. Market share, leaving room for international mobile phone brand manufacturers and domestic second and third tier mobile phone brand manufacturers will also be reduced the chance of the top few first-tier mobile phone brand will further enhance the brand, such as Cool, LeTV and other new players have not Can know.
3. Next year Meizu new machine then Samsung processor, the official said this year nearly 20 million shipments;
Set micro-December 12 reported
In the past few years, Meizu and MediaTek walk closer and closer, but from the market reaction point of view, it seems not very good.New news shows that next year Meizu full screen new machine will use Samsung processor.
From the security bunny exposure news, a Meizu full screen new machine appearance ahead of the rumors Meizu full screen new machine will be equipped with Samsung Exynos 7872 chip.It is reported that this deal is a six-core chip, 14 nanometer technology, support the entire Netcom .
From the spy photos out of the Internet point of view, it removed the physical buttons at the bottom of the screen, switch to the virtual button design, and the width of the lower border is narrower, similar to other full screen mobile phones nowadays.
According to information gathered from the micro-network set from the supply chain, Meizu is indeed developing Samsung mobile phones, or released in the first half of next year.
Recently, Meizu officially announced the performance of this year's data forecast: the overall shipments of nearly 20 million units with sales of more than 20 billion yuan, and maintained a healthy and stable profitability.
However, Meizu from the market performance of the past year is not satisfactory.From August 5 this year officially on sale so far, Meizu PRO 7 series has undergone several price promotions.According Meizu official website shows that Pro 7 Standard Edition has been listed 2880 yuan fell to today's 1999 yuan, the price cut of 30%.
Meizu recently also intensive internal adjustment, December 11, Meizu once again released internal documents, the company center-level organizational structure adjustment and personnel appointments made drastic adjustments to the overseas, accessories, e-commerce business to upgrade to the three division level , And adjusted the appointment of senior executives. As chairman, Huang Zhang will directly manage the company's divisions and centers.
Some analysts believe that this also means that in 2018 the Yellow Chapter will have full control of Meizu.
4 pauper Jiayin Pavilion: just found out that it has no car in the country name no room no deposit;
Set micro-grid December 26 comprehensive coverage
'Thirty years Hedong, Hexi three years', the phrase used in Jiayue Ting who fit.
Yesterday, Beijing Court trial information network an executive award shows that at present Jiayue Ting name has no room, no car, no bank deposits can be enforced.
Judging from the contents of the ruling, Huafu Securities applied for enforcement of RMB20,316,888,888,900 and liquidated damages on September 1, 2017. During the implementation, the court conducted bank deposit, house registration and vehicle registration of the executed party according to law Investigation deducted 1309436.75 yuan of bank deposits of the executed people Jia Yuanting Waiting for seized by the implementation of Jiayue Ting 1024266644 shares of LeTV held in the name of Dongzhimen Street, Dongcheng District, X real estate and is located in Beijing's Chaoyang District Double Garden South Second District x real estate.
However, it is ascertained that there is no bank deposit available for execution by the executed party, Jia Youting, no other house registration records and no vehicle registration records, and the current executor, Jia Youting, is not available to execute the assets. Can not provide a clues for the implementation of Jiayue Ting.
Therefore, the court executed RMB1,309,436.75 and the remaining amount of RMB201,859,452.1389 and liquidated damages could not be fulfilled, however, the court also said that if the executor has found the property available for execution, the applicant for enforcement may apply again to this court for enforcement.
Yesterday evening, Beijing Securities Regulatory Bureau issued the Notice on Commanding Jia Youting to Return to Fulfill the Responsibility, and ordered Jia Youting to return home before December 31, 2017 to effectively fulfill the obligations of the actual controller of the Company to cooperate with the Company Problems, properly handle corporate risks and effectively protect the legitimate rights and interests of investors.
The circular said that on September 13, 2017, Beijing Securities Regulatory Bureau issued a Letter of Regulatory Concern to Jiayuenting (Jingjianjianfa '2017'256) to Jiayue Ting, explicitly requiring that Jia Younting be returned immediately after the presentation and be properly disposed of Various risks faced by the company, but also from time to time through the listed company to Jiayue Ting conveyed the responsibility to return to the country, but so far has not seen the relevant action Jay Yuet Ting.
The circular also said that Jiayue Ting to invest in automobile business and financing on the grounds of stay abroad, the company under its control on the huge arrears of listed companies, has not yet returned, the relevant acts of a serious violation of the legitimate rights and interests of listed companies and the general interest of investors The social impact is extremely poor.
December 11, December 15, the news shows that Jiayue Ting twice by the court included in the list of dishonest executed (commonly known as' Lao Lai 'list.) According to the Supreme People's Court previously released the relevant provisions, once included in the' old Lai 'list, will limit the purchase of air tickets, domestic air tickets can not buy, and according to "China Fund Newspaper" analysis, Jiayue Ting can buy foreign air tickets.But it is noteworthy that flying abroad is still a high consumer behavior, if the purchase Or violates the restriction of spending order, if returned in this way, the face of him is still the corresponding legal responsibility.
This time, the user anxious. Posted Episode: Jia teacher, I miss you. You come back soon. 'And overnight for Jiayue Ting check not linked with the Beijing Credit Information System ticket, but also generously said that for Jade Jianting Buy, as long as he is willing to return to deal with the "financial crisis" sequelae.
Just three years ago, LeTV became the company with the highest market value in the GEM, and Jia Youting jumped to the richest man in the GEM, even after experiencing the stock market crash in 2016. According to the 2016 Hurun Report, Mr. Jia is still ranked No. 31 with 42 billion in wealth 2016 Hu Run IT rich list, Jiayue Ting to 35.5 billion yuan ranked No. 8. 2016 Forbes China Rich List, Jiayue Ting ranked No. 37.
From the worth of 10 billion to the "pauper" is just two years time only.
5. Zhuang Min suspected of encroaching Bao Qianli exposure: a number of companies without assessment investment;
Every reporter Sun Jia Xia Wu who intern reporter Liu Ling
On December 26, the Daily Economic News reporter arrived at the office of Bao Qianli (10.390, 0.00, 0.00%) (600074, SZ), located in the whirlpool on the 16th floor of Hanjing International Building in Nanshan District, Shenzhen.
One executive who just left his post has told reporters that he holds the company's shares but can not sell at the moment, and the company's status is not very good either, and Zhuang Min, the former de facto controller of the company, may need to be responsible.
Thousands of miles said the company found that the former chairman of Zhuang Min suspected of investing in assets by foreign investment, large prepayments transactions, violations of collateral encroachment on the interests of listed companies, etc. Even more noteworthy is that Zhuang Min suspected of encroaching on the company The specific mode of operation of interest: It allegedly controls the transfer of the equity of the bank account by controlling the receiving bank account of the subject-of-transfer, which is allegedly transferred out of the capital by introducing the signing of the business contract between the third party and the investment subject , Suspected of using foreign investment acquisition of assets way to encroach on the interests of listed companies.
At present, Zhuang Min only one-way with Paul Trinidad chairman Lu Peng one-way contact, Paul miles said does not rule out the possibility of future loss of Zhuang Min.
Occupation path exposure
On December 16, two security officers stopped at the gate of Baoqianli Office and opened the door to the employees who came in and out by the remote control. The staff of the company introduced to reporters. At present, the secretarial secretary and witness aliens are both meeting outside and temporarily unable to accept the interview.
However, for this stormy company, the concrete mode of operation in which its former actual controller, Zhuang Min, allegedly occupied the interests of the company, has gradually become clearer.
Paul thousands of miles, the Board of Directors believe that the verification of foreign investment, Zhuang Min allegedly controlled by the transfer of the subject of the transfer of the recipient bank account the actual control of the transfer of equity in these bank accounts the amount of money, allegedly through the introduction of third parties and investment targets signed business contracts Way out of the capital increase, the alleged acquisition of assets by way of foreign investment in the interests of listed companies.
Clearly, to complete this series of operations, means that Zhuang Min's behavior requires the cooperation of the original shareholders of the investor, and the so-called 'third party' may also be in the actual control of Zhuang Min, but also can not rule out the existence of the subject matter of the assessment Possibly high value.
During the period when the stock was suspended, Paul Thousands also carried out one by one verification on the foreign investment items led by Zhuang Min. The scope of verification was all foreign investment projects of the Company from 2016 to 2017, of which the focus was on checking Shenzhen Lou Tong Bao Industrial Co., Ltd. (hereinafter referred to as Lou Tong) , Shenzhen Anweike Electronics Co., Ltd. (hereinafter referred to Anweike) 9 investment targets.
The shocking results.
For example, after verifying the 'Transaction Pricing Basis', it found that the Company failed to perform the procedures of auditing and appraisal before fulfilling the decision-making procedures of the six companies including Tongbao and Anweke, etc. It is clear that the Company will bring in overseas investment without evaluation trouble.
Thousands of miles in the said investment, the nine investment targets a total investment of about 3275000000 yuan.The company's board of directors said that there is the possibility of valuation of these investments may be inflated, may cause significant losses to the company.According to the problem is that, as the acquisition Despite the high valuation, Baoqianli now tries to dispose of foreign investment which is not strongly related to the Company's business. However, the sale price can not be equal to the purchase price or has a large deviation from the purchase price, resulting in difficulties in disposal and adverse impact on the Company's financial position Possible impact.
An industry lawyer told reporters that Zhuang Min's practice suspected of hollowing out listed companies.The lawyer believes that listed companies have to be responsible for the matter, 'This is the lack of listed companies internal control system, and did not fulfill the normal decision-making process, small and medium shareholders can To sue the listed company and may even sue Dong Guan to sue for damages.
In addition, the "Daily Economic News" reporter noted that, as of November 30, 2017, Paul Thousands of unaudited consolidated total goodwill of about 2.43 billion yuan, representing the total unaudited assets as of November 30, 2017 105.04 23.13% of the 100 million yuan.And affected by the lack of liquidity of the company, the nine foreign investment companies, with the exception of two, the remaining companies operating in a semi-quiescent state, which also means that part of the company's goodwill impairment risk.
Receivables, advances payment difficult
Many questions, but also to keep miles away business logic multiple advances, and may not be able to recover some of the accounts receivable.Pao Qianli introduction, the company's board of directors verification showed that there are still suspected Zhuang Min receivables accounts receivable Interests of listed companies.
As of November 31, 2017, the balance of receivables in Bao Qianli was approximately RMB2,566 million, accounting for 24.43% of the total unaudited total assets of RMB10,504 million and accounting for 53.91% of the unaudited net assets of approximately RMB4,760 million. According to the preliminary verification, most of these customers were not established for a long time and their operating abilities and repayment ability were in doubt. Whether the follow-up of accounts receivable can be recovered is due to the above accounts receivable involving downstream customers of a number of major subsidiaries. Uncertainty, the recoverable amount needs to be further confirmed, there is a majority of accounts receivable risk can not be recovered.
The reporter of "Daily Economic News" inspected Baoqianbao's 2017 Third Quarterly Report and found that although the company achieved a net profit of 404 million yuan, a decrease of 34.48% over the same period of last year, the net cash flow from operating activities dropped from negative 134 million yuan Negative 856 million yuan, a decrease of 538.76% .This obviously means that a considerable part of the company's revenue, and did not convert into real income into the company.Qi quarterly consolidated balance sheet shows that the company accounts receivable balance from the beginning of 1.118 billion yuan Soared to 2.45 billion yuan at the end of the period.
In addition, as of November 30, 2017, the unaudited financial statements of the Company showed that the balance of prepayments amounted to approximately RMB874 million, accounting for 8.32% of the total unaudited assets and accounting for 18.36% of the unaudited net assets. During the verification, After the Board of Directors found that there was a large prepayments payment, the counterparty had unreasonable phenomena of not delivering the goods, delivering a small part of the goods, overdue delivery or not executing the contract, etc. Bao Qianli said that after preliminary judgment, the above prepayments were extremely large Part of the payment recovery is extremely difficult because the payment has been paid abroad, as a result of the other party can not perform the contract, and the prepayment can not be recovered, the company's production and operation and financial conditions will be adversely affected to further increase the company's liquidity tension will be Will seriously affect the company's follow-up production and management.
Bao miles said the company so far the risk prepay balance of about 873 million yuan, receivables balance of about 2.566 billion yuan, goodwill balance of about 2.43 billion yuan, the alleged breach of security balance of about 652 million yuan, the total amount of about RMB 6.521 billion, accounting for approximately 62.08% of the total assets of the Company's unaudited statements as of November 30, 2017 and accounting for approximately 137% of the net assets of the Company as of November 30, 2017. In the event of an extreme event, all the above assets were destroyed Or most of the loss, the company will have a substantial reduction in the risk of assets, and even the risk of insolvent.
At the same time, the Company's operating conditions deteriorated. Orders dropped drastically, personnel were continuously lost, production and operation offices were in a state of semi-pause, and the Company was not expected to resume normal production and operation within three months.
As to the next working arrangement, Bao Qianli said the board of directors of the Company will continue to urge the former de facto controller, Zhuang Min, to return to the company as soon as possible, make statements to the board of directors on matters suspected of embezzling the interests of listed companies, cooperate with the board of directors for verification, and assist in recovering relevant losses. It will promote debt restructuring, recover accounts receivable as soon as possible, and find suitable reorganization targets. The Company will choose to implement such measures as but not limited to major asset restructuring, debt restructuring and bankruptcy reorganization.
6. iPhone X shipments in the first quarter are expected to be affected by the supplier price
This Christmas may not be happy for Apple.
First, Apple admitted that deliberately reduce the processor speed of the old Apple, causing strong consumer conflicts.Recently, the iPhone X will be the first quarter of next year, shipments are expected to substantially reduce to 30 million units.
Apple's iPhone X has been on the market for nearly two months, and Apple's product supply chain has also been able to fully meet the supply and demand, but for the first quarter of 2018 iPhone X shipments, analysts are not optimistic.
Zhang Bin, a researcher at Sinolink Securities, said in a recent report that the shipment of the Apple iPhone X in the first quarter of next year may be only 35 million units, about 10 million less than his previous estimate. Mainly because the first wave of iPhone X buyers have been basically able to buy, and iPhone X's high prices also weakened the future demand, more consumers will tend to choose a more low-end models.
Golden State Securities is not the only broker to cut sales of iPhone X. Warren Capital (JL Warren) also released a report that sales of the Apple iPhone X in the first quarter of next year are expected to be lowered from 25 million units in the fourth quarter of this year to 25 million units Warren Capital also said that orders from many Apple suppliers have been cut, and the report said: "iPhone X's promotion can not boost its global sales and Apple lacks more innovation."
Affected by Apple's cut in supplier orders, shares of Hon Hai, the parent company of Foxconn, the apple assembly plant, fell for two consecutive days, the lowest level since March of this year. Fell nearly 9%.
Apple's share price in Asia Pacific suppliers also affected.On Monday, Apple's battery supplier in Shenzhen Desai battery for Apple to provide glass cover supplier Hunan Lan Si technology, as well as providing cameras for Apple's camera supplier in Taiwan Li photoelectric and other corporate shares have plummeted 5% or so.As of Tuesday's close, the shares of these companies are still hovering at low levels.
Jia You, a research analyst at Canalys, a research firm, believes that it is not entirely because of reduced shipments that Apple cut orders from its suppliers. "To our knowledge, Apple has been secretly expanding the number of suppliers, which will reduce the number of suppliers Order volume. "Jia Mo told the first financial reporter.
Last week, Wall Street investment bank Nomura Instinet cut Apple's rating to neutral, which is Apple's second rating in six months was cut, Apple's market value has now slipped to 900 billion US dollars below the last Apple rating was Downgrade is June 11 this year, Mizuho Securities cut Apple's stock price rating.
In a note to clients, Nomura analyst Jeffrey Kvaal said the super-cycle effect under the Apple iPhone X is approaching the last turn. "We believe Apple's sales growth has largely been reflected in Wall Street's As expected, Apple's valuation multiples are already overpriced from past history, Kvaal wrote.
Despite this, Apple is the largest US listed company with the best stock price so far this year, with a cumulative increase of more than 50% this year, with the S & P 500 gaining 20% over the same period.
Canalys exclusive to the first financial press data show that Apple's overall shipments in the fourth quarter of this year will reach 80 million units, mainly boosted by the holiday season, and iPhone X in the rapid increase in global production capacity.But Canalys The iPhone is expected to ship in the first quarter of next year compared to the fourth quarter of this year will be significantly reduced.
In addition, Canalys also said Apple iPhone shipments in the first three quarters of this year 138 million units, so this year, Apple's full-year shipments are expected to reach 218 million units, compared with 2.15 million units last year's shipments slightly rise.
Jia Mo told First Financial said the gradual balance between iPhone X supply and demand gradually, mainly due to increased shipments, coupled with the lack of demand is not strong enough. 'Price is the main factor leading to weak demand. Because the iPhone X pricing is High and long-term performance is not optimistic .Jia Mo told the first financial reporter, but if Apple introduced more next year, iPhone X design products to improve its screen size and price ladder, then we expect the iPhone series will be next year Have a more strong performance. 'First Financial Daily