GO
| HSI1 | 23,211.81 | 0.00 | -- |
| HSCEI1 | 7,802.09 | 0.00 | -- |
| Back Zoom + Zoom - Block Traded | |
|
2026-10-26 17:38:57 Citi published a research report stating that, according to data from the China Academy of Information and Communications Technology (CAICT), China's smartphone shipments totaled 19.7 million units in September, down 22.9% YoY but up 28.1% MoM. Shipments for the first three quarters of this year fell 12.8% YoY, compared with a 9% YoY decline in retail shipments during the same period. The bank noted that shipments by domestic OEM manufacturers in the first nine months fell 16% YoY, compared with an 11% YoY decline in actual sales. Shipments of non-domestic OEM smartphones in the first nine months were broadly flat YoY, compared with a 10% YoY increase in actual iOS sales. Apple Inc. (AAPL.US) emphasized that supply constraints for SoC chips intensified significantly in 3Q26, which may affect or delay production starting from 4Q26. Citi believes that most of the weakness in the smartphone supply chain has already been fully reflected in share price performance. The bank is currently more optimistic on Apple supply chain companies due to earnings stability and specification upgrades, including LUXSHARE ICT (02475.HK), SUNNY OPTICAL (02382.HK) and AAC TECH (02018.HK). It believes XIAOMI-W (01810.HK) and LONGCHEER (09611.HK) will benefit from the cooling AI investment theme and expectations that consumer-grade memory prices have peaked. (gc/u)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |