[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dcioe87c38e8":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},"dcioe87c38e8","大摩月度数据：截至8月中旬苹果(AAPL)App-Store净营收同比下滑0.6%-四年来首次转跌","\u002Fdoc\u002Fdcioe87c38e8","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp>\n\u003C\u002Fp>\u003Cp>\u003Cspan>美股投资网获悉，摩根士丹利在一份报告中指出，根据月度追踪数据，截至8月中旬，苹果(AAPL)App Store的净营收当月同比已转为下降0.6%，这是四年来首次出现同比负增长。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>以Erik Woodring为首的分析师团队补充称“第三日历季度iPhone生产计划维持不变，但iPad的产量有所下调，暗示一定程度的需求弹性;7月PC产量同比大幅下降24%。此外，云资本支出追踪指标显示，2027日历年度的支出增速目前为+38%(此前为+9个百分点)。”\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>分析师基于Sensor Tower的最新数据估算，截至8月17日，App Store净营收当月同比下滑0.6%，较6月时的增速放缓170个基点，而去年同期基数本身降低了200个基点。若该季度截至8月17日结束，则第三日历季度App Store营收同比增速仅0.5%，较摩根士丹利预测的9月当季同比增长1%低了50个基点。分析师进一步指出，这大致对应摩根士丹利对9月当季服务营收增长9.5%的预测(市场一致预期为同比增长10.7%)存在约20个基点(约合4500万美元)的下行风险。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>展望未来，分析师认为服务业务增长短期内难以显著回升，因App Store面临分成比例下调、外部链接跳转、游戏需求疲软以及外汇逆风等多重压力。不过，AppleCare的定价调整仍有望在一定程度上形成正面对冲。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>此外，Woodring及其团队表示，第三日历季度iPhone生产计划维持在5400万部不变，支撑9月当季约5800万部的出货预期;iPad产量则下调100万部，反映出价格上调后需求弹性有限的预期。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>另外，分析师称，基于其大中华区科技硬件团队的最新预测，7月笔记本原始设计制造商(ODM)出货量同比下降24%，创下40个月来最差同比表现，且较摩根士丹利预估低4%，主因需求疲软和供应约束。分析师指出，这预示着PC市场需求加速萎缩。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>Woodring团队还表示“我们的云资本支出追踪指标显示，2027日历年度的支出增速为+38%，而市场一致预期为1.39万亿美元，摩根士丹利预期为1.61万亿美元，表明市场一致预期仍有进一步上调空间。”\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>分析师指出，纳入最新一致预期更新后，2027日历年资本支出预测上调幅度最大的企业依次为Alphabet(GOOGL，+178亿美元)、Meta(META，+88亿美元)、微软(MSFT，+75亿美元)、亚马逊(AMZN，+60亿美元)和Nebius(NBIS，+50亿美元)。分析师还表示，他们将SpaceX(SPCX)也纳入云资本支出追踪范围，其2027年资本支出增量贡献达1209亿美元(同比增加620亿美元)。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>Woodring团队总结道，综合来看，目前市场对2027年现金云资本支出的一致预期为1.39万亿美元，意味着前15大云厂商的资本密集度(即资本支出占收入比重)平均为38.6%，较本月初已上升380个基点。\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\u002FAAPL\u002FAAPL.jpg","2026-08-21T13:05:46","2026.08.21","2026\u002F08\u002F21",54311,[22],"AAPL","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 href=\"https:\u002F\u002Fstockwe.com\u002Fdoc\u002Fdcio537efad5\" rel=\"noopener noreferrer\">\u003Cimg src=\"\u002Fimg\u002Fstockwewebfiles\u002Fweb-202408-stk\u002F1586109431mceclip0.jpg\">\u003C\u002Fa>\u003C\u002Ffigure>\u003Cdiv class=\"text-center\">\u003Ch2 class=\"card-title mx-auto\">\u003Cbr>\u003Ca rel=\"noopener noreferrer\" href=\"https:\u002F\u002Fstockwe.com\u002Fdoc\u002Fdcio537efad5\">案例介绍：英伟达深度研究报告\u003C\u002Fa>\u003C\u002Fh2>\u003C\u002Fdiv>",[33,37],{"productId":34,"serviceName":35,"priceText":36},"prod_PPxdDdK87QaiLv","月付","$12.95美元",{"productId":38,"serviceName":39,"priceText":40},"prod_PPxeMs3bix1da5","年付","$149.00美元",[],{"links":43,"images":71,"summaryHtml":76,"aboutTitle":77,"aboutHtml":78,"copyrightHtml":79},[44,47,50,53,56,59,62,65,68],{"label":45,"url":46},"深度报告","\u002Fcol\u002FdepthReport",{"label":48,"url":49},"VIP会员","\u002Fvip",{"label":51,"url":52},"期权推荐","\u002FOption",{"label":54,"url":55},"低价暴涨股","\u002FPenny",{"label":57,"url":58},"AI智能体","\u002FAiAgent",{"label":60,"url":61},"常见问题","https:\u002F\u002Fstockwe.com\u002FFAQ",{"label":63,"url":64},"美股课程","\u002Fcol\u002Fvideos",{"label":66,"url":67},"免责声明","\u002Fdisclaimer",{"label":69,"url":70},"联系我们","\u002FContactUs",[72,73,74,75],"\u002Fimg\u002Fstockwebsiteblob\u002Fweb-202509-stk\u002FUploaderzic2tuwsol2_2025_09_11_18_21_07.gif","\u002Fimg\u002Fstockwebsiteblob\u002Fweb-202509-stk\u002FUploadercakzdvydksw_2025_09_03_09_00_56.png","\u002Fimg\u002Fstockwebsiteblob\u002Fweb-202509-stk\u002FUploadergtjyagwvoyk_2025_09_14_08_32_05.png","\u002Fimg\u002Fstockwebsiteblob\u002Fweb-202509-stk\u002FUploader3u0tt4jhlqh_2025_09_23_22_30_48.png","邮箱: 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"]