On December 29, 2023, the consumer electronics sector rose at the beginning of the session, Yitian shares and Yabaoxuan rose by 13%, Xinhuike and Darui Electronics rose by more than 7%, Moso Power rose by more than 6%, and Green Precision and Changying Precision followed suit.
In terms of related ETFs, Smart Consumption ETF (515920)**145%, with an intraday turnover of nearly 200 million yuan, and active trading. Among the constituent stocks, Goertek shares rose by the limit, Skyworth Digital rose by more than 6%, Crystal Optoelectronics rose by more than 5%, and Lixun Precision and Pengding Holdings rose by more than 4%.
Q3 mobile phone and PC shipments narrowed year-on-year, and the release of new flagship phones is expected to detonate the market. According to TechInsights data, global smartphone shipments in 2023Q3 were 29.6 billion units, a year-on-year increase of -03%, +10% QoQ. According to IDC data, China's smartphone shipments in 2023Q3 will be about 67.05 million units, a year-on-year increase of -63%, +15%。According to Canalys data, global PC shipments in 2023Q3 were 65.6 million units, a year-on-year increase of -70%, +8% QoQ. In terms of mobile phone and PC shipment data, although shipments in 2023Q3 are still declining year-on-year, the decline has narrowed significantly, and the market is expected to be rekindled under the release of new phones of various terminal brands.
The main chip manufacturers have released SoC chips that support AI computing, and AI mobile phones are expected to drive the demand for replacement. On October 24, 2023, Qualcomm released the third-generation Snapdragon 8 mobile platform, bringing generative AI to the next generation of flagship smartphones. On November 6, 2023, MediaTek officially released the Dimensity 9300, which is the first to be equipped with a hardware-based generative AI engine, which can achieve faster and more secure edge AI computing. With the successive launch of AI mobile phones equipped with the above two chips, it is expected to boost the demand for mobile phone replacement.
Capital ** said that we believe that under the catalyst of the successive release of new models by various terminal mobile phone manufacturers, the smartphone market is expected to start in 2023Q4 and 2024**, and analog chip companies with a high proportion of downstream mobile phone fields are expected to benefit deeply.
The content and data are for reference only and do not constitute investment advice. AI technology strategy is provided for Youlian Cloud.