[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dcio6203eb69":3},{"user":4,"document":8,"mainDocument":27,"columnUrl":29,"subscription":30,"footer":42,"text":80},{"isAuthenticated":5,"isAdmin":5,"displayName":6,"avatarUrl":6,"nid":6,"groupLevel":7},false,"",-10,{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":21,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"useContentVideo":5,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},"dcio6203eb69","瑞银维持苹果(AAPL)“中性”评级：iPhone-18需求边际改善，但中国仍是“最大软肋”","\u002Fdoc\u002Fdcio6203eb69","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp> \u003C\u002Fp>\n\u003Cp>\u003Cspan>美股投资网获悉，瑞银称，苹果公司(AAPL)的iPhone 18需求边际上出现改善迹象，尽管在该公司最新的供应链与等待时间数据中，中国仍是主要弱点所在。该机构对苹果维持“中性”评级，目标价296美元。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>瑞银Evidence Lab发现，iPhone 18 Pro与Pro Max的平均等待时间分别较前一周增加约三天和两天。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>等待时间的同比降幅也已收窄至约一天，表明中国以外地区的需求目前与去年相比已接近持平。不过，瑞银表示，数据中的大部分疲软仍来自中国。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>瑞银认为中国以外需求正趋稳\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>在新款iPhone发布后，等待时间常被用作衡量需求相对可供货量多寡的早期指标。更长的交付时间可能指向订单更强劲、供应更紧张，或二者兼有；而更短的等待时间则可能暗示需求偏弱。对瑞银而言，重要的变化在于与去年相比的差距正在收窄。据TheFly，该机构仍不认为需求会出现显著加速，但最新读数显示，中国以外地区的早期图景已不再那么疲弱。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>iPhone 18 Pro正开启销售周期\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>苹果于9月9日发布iPhone 18 Pro与Pro Max，9月12日开启预订，9月18日起在包括中国和美国在内的65个以上国家和地区上架销售。新款Pro机型搭载苹果A20 Pro芯片，配备4800万像素可变光圈主摄、升级后的电池性能，以及依托iOS 27的Siri人工智能功能。苹果表示，Pro Max带来了iPhone上有史以来“最大幅度的续航提升”。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>这意味着，瑞银的读数仅捕捉到发布的最早期阶段，未来数周的等待时间与渠道数据，对于判断初期改善能否延续至关重要。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>Evercore看好更强的换机周期\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>分析师对苹果股票的看法仍存分歧。瑞银认为该股存在下行空间，而Evercore ISI上周将苹果目标价从365美元上调至380美元，同时维持“跑赢大盘”评级。该机构对近4000名消费者进行的年度调查显示，本轮iPhone周期表现可能好于预期。Evercore表示，新机型发布背后的出货需求可能表现良好，并“尤为关键地”认为，定价可能上涨超过20%。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>因此，两份报告指向了不同的信号瑞银紧盯的是实时交付与等待时间数据——这些数据在中国仍偏弱;而Evercore依据的是消费者购买意愿，认为出货量与定价都有实质性上行空间。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>中国走弱将是苹果上一季度以来的转折\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>iPhone 18的早期数据之所以值得关注，是因为苹果最近一个报告季度在中国表现强劲。在2026财年第三季度(Q3)，苹果大中华区营收从上年同期的153.7亿美元增至188.2亿美元，增幅约22.4%；iPhone整体营收从445.8亿美元升至542.5亿美元，同比增约21.7%。苹果还创下了6月季度公司营收与iPhone营收的纪录，总销售额同比增长16%至1094亿美元；公司在iPhone、Mac与服务业务，以及所有地区板块均录得两位数营收增长。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>如今的问题在于，iPhone 18能否将这一势头延续到新的产品周期。瑞银看到了早期改善，但仍持谨慎态度，尤其在中国市场；而Evercore则认为，最新发布的产品可能支撑一轮强于预期的换机周期。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>最专业的美股资讯,推荐美股大数据 \u003Ca href=\"https:\u002F\u002FStockwe.com\u002F\">https:\u002F\u002FStockwe.com\u002F\u003C\u002Fa>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>如何识别美股市场异常波动？美国机构主力资金买卖情况，出货和吸筹，使用美股投资网VIP会员，2008年成立于美国硅谷，由前纽约证券交易所分析师Ken创立，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化模型，建立了一个股市数据库 \u003Ca href=\"https:\u002F\u002FStockWe.com\u002F\">https:\u002F\u002FStockWe.com\u002F\u003C\u002Fa> 每天处理千万级股票数据：捕捉期权大单，实时主力资金流向、机构持仓变化、川普突发新闻，精准交易信号第一时间发到您手机APP！\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp> \u003C\u002Fp>","https:\u002F\u002Fwww.tradesmax.com\u002Fimages\u002Fa_Stock\u002FA\u002FAA\u002FAA.jpg","2026-09-24T15:39:00","2026.09.24","2026\u002F09\u002F24",43320,[22],"AA","Article",0,"免费","success",{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":28,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"useContentVideo":5,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},[22],"\u002Fcol\u002Fstocknews",{"visible":5,"marketingHtml":31,"services":32,"recentDocuments":41},"\u003Cfigure class=\"image\">\u003Ca 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buy@TradesMax.com 美国电话 626-378-3637","公司介绍","\u003Cp class=\"MsoNormal\">美股大数据 \u003Ca href=\"https:\u002F\u002Fstockwe.com\" rel=\"noopener\">StockWe.com\u003C\u002Fa> 是一个美国领先的金融和美股信息大数据提供商，紧盯华尔街金融市场和行情，2008年成立于美国硅谷，创始人是前纽约证券交易所资深分析师Ken，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化交易模型，每天处理海量股票数据：挖掘潜力大牛股，捕捉期权异动大单，实时主力资金流向、机构持仓变化、川普突发新闻，美股买卖信号第一时间发到您手机APP。\u003C\u002Fp>","专业美股投资者都在这里",{"loading":81,"search":82,"searchPlaceholder":82,"hotContent":83,"draft":84,"noData":85,"searchNoData":86,"courseContent":87,"more":88,"buyNow":89,"subscribeNow":90,"encoding":91,"paidContent":92},"Loading...","搜索","热门内容","草稿","目前没有任何内容公布","当前检索内容没有数据","课程内容","更多","立即购买后观看","- 立即订阅 -","视频编码中...","付费内容"]