The China Automobile Dealers Association (CADA) released a weekly report on used cars. From September 1 to 7, 2025, the national average daily trading volume of used cars reached 66,700 units, a WoW drop of 0.66%, presenting a slim downward adjustment.

The market experienced faint fluctuations under the confluence of the traditional adjustment cycle at the beginning of the month and the transitional effects of policies.
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Driven by seasonal demand as well as the resumption of production momentum of brands like OPPO and Transsion after inventory adjustments, a total of 300 million smartphones were produced worldwide in 2Q25, up 4.8% YoY or around 4% QoQ, according to the latest survey by market research firm TrendForce.

It is expected that tailwinds, including the traditional peak season in 2H25 and e-commerce promotions, will help maintain a trend of quarterly growth throughout the year.

In addition, the combined market share of the top six smartphone brands also remained stable at around 80% in 2Q25. Due to weakened stocking of its new flagship models, Samsung's total production volume decreased by about 5% QoQ to nearly 58 million units.

Apple (AAPL.US) ranked second with a production volume of 46 million units, down about 9% QoQ, followed by XIAOMI-W (01810.HK) with a total volume of 42 million units.
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Apple (AAPL.US)'s latest product, the iPhone Air, requires regions that support eSIMs for usage as it has removed the physical SIM card tray, making it unable to launch simultaneously with the other three new iPhone models in China, Chinese media reported.

Apple stated that it is now working closely with China's regulators in order to launch the iPhone Air in the Chinese market as soon as possible.

Currently, China Unicom and China Telecom have expressed their support for the iPhone Air's eSIMs, while China Mobile has also declared its support for eSIM mobile services, with further service announcements to be made later.
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Web Site: www.aastocks.com

OpenAI and Nvidia (NVDA.US) CEOs plan to visit the UK next week with US President Donald Trump, pledging support for a multi-billion US dollar data center investment plan in the UK, Bloomberg, citing people with the knowledge of the matter, reported.

The two companies are reportedly collaborating with London-based data center company Nscale Global Holdings to advance the data center investment plan.

OpenAI is projected to invest billions of US dollars in the plan, whereas American companies from various industries will announce tens of billions of US dollars in investments during Trump's visit to the UK next week.
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Apple (AAPL.US) has officially launched the iPhone 17 series, along with products like the new Apple Watch and AirPods.

KUAISHOU-W's (01024.HK) (KUASF.US) Kuaishou E-commerce announced that it will open the sales channel for in-stock iPhone 17 series products next Friday (19th) at 8 am.

Kuaishou E-commerce also revealed that it will offer several purchasing incentives for the iPhone 17 series launch, including a trade-in service with a maximum subsidy of RMB2,500. Designated models can even enjoy interest-free installment plans and a national subsidy discount of RMB500.
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Web Site: www.aastocks.com

Apple (AAPL.US) has officially unveiled the iPhone 17 series, along with products like the new Apple Watch and AirPods.

JD-SW (09618.HK) (JD.US)'s JD APP (Hong Kong site) announced that it will begin sales of the official Hong Kong version of the Apple products in sync with the global launch at prices listed on Apple's official website, with delivery in as fast as 4 hours.

According to Chinese media reports, pre-orders for the iPhone 17 series on JD.com surpassed 2 million within just 6 hours of opening reservations.
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The market forecast that the latest US inflation data will not hinder the Federal Reserve's rate cut next week. US stocks drifted higher Thursday, with all three major indices touching new historical highs. The DJIA ultimately closed up 617 points or 1.4%, at 46,108; the S&P 500 rose 55 points or 0.9%, to 6,587; and the Nasdaq also ended higher by 157 points or 0.7%, at 22,043.

Heavyweight techs jumbled. Tesla (TSLA.US) saw its orders of six-seat Model YL in China extend to November, shoring up its stock price by 6%. Apple (AAPL.US) hiked 1.4%. Nvidia (NVDA.US) and Meta (META.US) edged down. Oracle (ORCL.US), which leapfrogged 36% on Wednesday, retreated 6.2%.
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According to Bloomberg's tracking of analysts, only 55% recommended buying Apple (AAPL.US) stock, which was extremely low among large-cap stocks, such as NVIDIA (NVDA.US), Microsoft (MSFT.US), and Amazon (AMZN.US), where buy recommendations exceeded 90%.

Apple faced another downgrade from two analysts on Thursday. Phillip Securities analyst Helena Wang upheld a cautious outlook for Apple, partly due to the lack of major AI innovation to help address product challenges and the continued weakness in the Chinese market.

The consensus recommendation for Apple among analysts tracked by Bloomberg (represented by buy, hold, and sell ratings) dropped to 3.9 out of 5, the lowest level since early 2020.
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The appearance changes in Apple (AAPL.US)'s newly launched iPhone 17, iPhone Air, iPhone 17 Pro and iPhone 17 Pro Max were in line with expectations, but storage options and pricing came as a surprise, Goldman Sachs released a research report saying.

The broker anticipated these factors to support continued growth in the average selling price (ASP) of products. Goldman Sachs kept rating at Buy on Apple, with an unchanged target price of US$266.

Apple's growing installed base, long-term service growth and new product innovation should sufficiently offset headwinds from the product revenue cycle, Goldman Sachs added.

The broker believed that market concerns over slowing product revenue growth may obscure the strength of Apple's ecosystem and the sustainability and visibility of related revenues.
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Apple announced today (10th) the launch of 4 models, naming iPhone 17, iPhone Air, iPhone 17 Pro and iPhone 17 Pro Max. A few days before the launch event, a Chinese media reporter visited the Zhengzhou Foxconn to observe the production status of the iPhone 17.

Currently, Foxconn's Zhengzhou plant is in the ramp-up phase for mass production of the iPhone 17 series. As production scale gradually expands, the demand for manpower in the plant continued to rise.

It is the largest factory in the Zhengzhou Airport Economy Zone (ZAEZ), and also Apple's largest assembly plant globally, where most high-end iPhone models are assembled. From mid-August to November each year, this plant enters its busiest period, with production lines nearly at full capacity.
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