资源描述
1 / 15 2020 12 05 liuxiang2kysec S0790520070002 linchengyukysec S0790120080105 5G 2021-2022 14.0 IDC 2022 5G 53.6% 2021 2020Q3 2021 AIOT TWS VR/AR TWS TWS 80 2020 TWS 4 2016 7.8 9.8% 2020 AirPods 10.6% 2-3 AirPods 25% AR/VR VR 2022 VR 20% 2500 800 AR AR AR 2021 + TWS VR AR -17% 0% 17% 34% 51% 69% 2019-12 2020-04 2020-08 300 2 / 15 1 . 4 1.1 5G . 4 1.2 . 5 2 . 7 2.1 . 7 2.2 + . 8 3 AIOT TWS VR/AR . 9 3.1 TWS TWS . 9 3.2 VR/AR VR AR . 10 4 + . 12 5 . 13 1 2020 8 . 4 2 5G . 4 3 5G . 4 4 2022 5G 54% . 4 5 400 . 5 6 2020H1 600 . 5 7 2017 iPhone . 6 8 2017 . 6 9 2020Q3 . 7 10 2020Q3 . 7 11 2020 . 7 12 . 8 13 MIUI . 8 14 TWS . 9 15 TWS . 9 16 2021-2022 Airpods 25% . 9 17 2020 AirPods 10.6% . 9 18 2016 AR/VR . 10 19 2018 VR . 10 20 1.6 . 11 21 2022 VR 800 . 11 22 AR . 11 23 AR . 11 24 AR . 12 25 AR . 12 1 iPhone 12 . 5 2 . 8 3 / 15 3 “ + ” . 8 4 2022 TWS 1603 . 10 5 . 12 4 / 15 1 1.1 5G 5G sell-in 2020 6 -2020 10 2020 10 2615.3 YoY -27.3% 2020 5G 5G 2019 10 6.9% 2020 10 64.1% 57.2 pct 1 2020 8 2 5G 5G 5G 5G 5G 2019Q3 995 2020Q2 837 15.9% 5G 2019Q3 711 2020Q2 464 34.7% IDC 2021-2022 14.0 2022 5G 53.6% 3 5G 4 2022 5G 54% IDC IDC 0 500 1000 1500 2000 2500 3000 3500 4000 4500 5000 2017 2018 2019 2020 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 2019 8 2019 9 2019 10 2019 11 2019 12 2020 1 2020 2 2020 3 2020 4 2020 5 2020 6 2020 7 2020 8 2020 9 2020 10 5G 0 200 400 600 800 1000 1200 2019Q2 2019Q3 2019Q4 2020Q1 2020Q2 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 0 2 4 6 8 2019 2020E 2021E 2022E 5G 5 / 15 1.2 400 60% 600 2020H1 44.1% 44.0% 5 400 6 2020H1 600 IDC IDC iPhone 12 iPhone 2020 P40 990 5G SoC 4 6.58 OLED 90Hz 8GB+512GB 5988 7388 2020 Mate 40 Pro 5G 6499 7999 5 nm 9900 2019 iPhone11 5000-6000 10000 1 iPhone 12 2019 2020 iPhone 11 Mate30 5G iPhone 12 P40 Mate 40 Pro 5G 13 120 26 Focus Pixels 4000 f/1.8 +1600 1600 ,f/2.2 +800 800 f/2.4 OIS /2.4 120 /1.6 /2.0 5 12 5000 RYYB f/1.9 1600 f/2.2 7mm 800 f/2.4 OIS 80mm 5000 f/1.9 + 2000 f/1.8 + 1200 f/3.4 OIS 4G 5G SA/NSA 5G sub-6G/mmWave SA/NSA 5G SA/NSA 5G SA/NSA 11:5499/5999/6799 11 Pro:8699/9999/11799 Mate30:4999/5499 Pro:6899/7899 Min:5499/5999/6799 12:6299/6799/7599 6GB+128GB 4188 8GB+128GB 4488 6GB+128GB 6499 8GB+128GB 6999 44% 44% 4% 3% 3% 3% OPPO 6 / 15 2019 2020 12 Pro:8499/9299/11099 12 Pro Max:9299/10099/11899 8GB+256GB 4988 8GB+256GB 7999 A13 990 5G SoC A14 990 5G SoC 9900
展开阅读全文