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行业更新 | 资讯科技硬件
在本业绩期内,苹果公司(Apple)及高阶产品的业务敞口依然是韧性最显著的来源,而中低阶Android手机则受到零部件价格上涨的沉重打击。我们预期该压力将持续至2027年,并因出货量、利润率及平均售价(ASP)更具韧性而看好苹果供应链。我们看好在业务多元化方面取得扎实进展、拓展至人工智能装置及人工智能伺服器领域的市场参与者,这应可在未来提供实质的缓冲作用。维持「跑嬴大市」评级。相较于手机供应链,我们更看好人工智能硬件。
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