Sinolink Securities recently stated in a research report that Apple will hold a new product launch event at 1:00 am Beijing time on September 10. They will release the iPhone 16 series, the new generation of Apple Watch Series 10, and the new AirPods headphones. The A18 series chip will be built using Taiwan Semiconductor's second-generation 3nm N3E process, which is expected to have significant improvements in energy efficiency. Based on the information from the component supply chain, the iPhone 16 series is expected to have a stock of 88-90 million units. Apple Intelligence is expected to empower the iPhone 16 with the aim of accelerating the replacement cycle. Apple will continue to build its core competitiveness in chips, systems, hardware innovation, and edge AI models. Apple's AI technology and hardware innovation are expected to drive hardware replacement demand, and the competition in Apple's industry chain is good, leading to the potential for both quantity and price increases.