In October, the mobile phone shipment volume in the mainland market increased by 1.8% year-on-year.
China Information and Communication Research Institute released the latest report, showing that in October 2024, the mainland market's mobile phone shipments were 29.674 million units, a year-on-year increase of 1.8%. Among them, 5G mobile phones were 26.722 million units, a year-on-year increase of 1.1%, accounting for 90.1% of the concurrent mobile phone shipments. In the first ten months of this year, the mainland market's mobile phone shipments were 0.25 billion units, an 8.9% year-on-year increase. Among them, 5G mobile phones were 0.214 billion units, an increase of 13.6% year-on-year, accounting for 85.5% of the concurrent mobile phone shipments.
IDC: This year, global smart phone sales rebounded, with apple's growth only at 0.4%.
IDC released a report stating that global smart phone sales have experienced a strong rebound this year, ending two consecutive years of decline, with shipments growing by 6.2% to approximately 1.24 billion units, and the shipment volume of apple (AAPL.US) iPhones only increasing by 0.4%. However, the average selling price of the iPhone exceeds $1,000, while the average price of Android phones is around $295. IDC indicated that this year's growth mainly comes from pent-up demand and areas with lower smart phone penetration rates. However, overall global shipments have not yet returned to pre-pandemic levels, and growth is expected to not exceed low figures in the coming years.
Industry-first, Huawei Mate 70 RS is equipped with high and low-frequency dual vibration diaphragm stereo speakers.
According to media reports, the product may be the new speaker "Ultimate Speaker" officially announced by aac tech (02018) on the same day.
AAC Tech (02018.HK) received a shareholding of 1.867 million ordinary shares from JPMorgan, worth approximately 58.4993 million Hong Kong dollars.
On November 26, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on November 26, jpmorgan increased its shareholding by a total of 1.867 million shares of aac tech (02018.HK) on November 20, at an average on-market price of HK$31.3328 per share and an average off-market price of HK$30.9151 per share, with a value of approximately HK$58.4993 million. After the increase, jpmorgan's latest number of shares held is 84.0484 million, with the good stock ratio rising from 6.85% to 7.01%. Image source: Stock disclosure from the Stock Exchange.
[Brokerage Focus] Haitong Int'l is bullish on AI glasses becoming an important form of edge AI, suggesting attention to Sunny Optical (02382) and aac tech (02018).
Jingu Financial News | Haitong Int'l issued research reports indicating that according to the official website of IT Home, at the 2024 Baidu World Conference on November 12, Baidu officially released Xiaodu AI Glasses, describing the product as the "world's first AI glasses equipped with a large Chinese model". Xiaodu AI Glasses have achieved the following configurations: 1) Camera: 16MP ultra-wide-angle camera, supports AI anti-shake algorithm; 2) Battery Life: Supports over 5 hours of continuous listening, can be fully charged in 30 minutes, nominal standby battery life of 56 hours; 3) Audio: Equipped with a four-microphone array for voice recognition, adopts an open leak-proof speaker design; 4) Weight: 45g;
Credit Lyonnais: Raises the target price of aac tech (02018) to 47.7 HKD and includes it in the preferred list of china technology stocks listed in hong kong.
Lyon has raised the earnings forecasts for AAC Technologies for 2024 and 2025 to 1.52 billion yuan and 2.2 billion yuan, respectively.