Source: Finance Association
① After the first sale of the Xiaomi 14 series in 4 hours, it broke the “first sales volume and sales volume” record of domestic mobile phones in the past year on the four major e-commerce platforms.
② A number of Qualcomm data exceeded analysts' expectations. Its US stock market rose after the market, rising to a maximum of nearly 5%.
③ TSMC and Dali Liguang also recently stated that they have seen signs of recovery in the industry; furthermore, the Q3 performance of many companies in the industrial chain improved markedly month-on-month.
There are growing signs that the mobile phone industry is beginning to recover.
The official report shows the sales volume of the Xiaomi 14 series, which was officially sold for the first time the day before, for 5 minutes on sale.It is 600% of the sales volume of the previous Xiaomi 13 series。 After the first sale in 4 hours, it set a new record for the “first-sale full-day sales volume and sales volume” of domestic mobile phones in the past year on the four major e-commerce platforms. Also, according to data from the JD platform, Xiaomi surpassed the first sales volume of the iPhone 15 Pro, breaking the platform's single product sales record in the past year.
It is worth noting that,The Xiaomi 14 series are all equipped with the third-generation Snapdragon 8 mobile platform—Qualcomm as the supplierOn November 1, local time, the US stock market released the fourth fiscal quarter of fiscal year 2023 and the full fiscal year (ending September 24, 2023) performance reports for the fourth quarter of fiscal year 2023 and the full fiscal year (ending September 24, 2023).A number of data exceeded analysts' expectations, and the company gave a signal of recovery.
Qualcomm said,The decline in smartphone sales has finally begun to easeMoreover, the contract renewal with Apple will help boost its prospects. Akash Palkhiwala, the company's financial director, also revealed in a conference call that“There are early signs that global demand for 3G, 4G, and 5G phones has stabilized.” Moreover, Qualcomm expects total shipments using its mobile phone chips in 2023 to drop “medium to high single-digit percentages” compared to last year, which is also better than the company's previous expectations.
According to financial reports, Qualcomm's revenue for the fourth quarter of fiscal year 2023 was US$8.67 billion, down 24% year on year. Analysts expected US$8.51 billion; net profit was US$1,489 billion, down 48% year on year. Revenue for the full year of fiscal year 2023 was US$35.820 billion, down 19% year on year; net profit was US$7.232 billion, down 44% year on year.
According to FactSet data, Qualcomm's chip division's sales in the fourth fiscal quarter were 7.4 billion US dollars, of which revenue from smartphones was 5.46 billion US dollars, all exceeding analysts' expectations.
Qualcomm expects revenue of $9.1 billion to $9.9 billion for the first fiscal quarter of fiscal year 2024, with a median value higher than analysts' expectations of $9.26 billion; it expects adjusted earnings per share of $2.25 to $2.45 for the first fiscal quarter, with a median value also higher than analysts' expectations of $2.25 billion.
Affected by this news,Qualcomm's US stock rose after the market, up nearly 5%.
▌The dawn of the mobile phone industry, and now the Q3 performance of the industry chain has improved markedly month-on-month
The above signs have brought light to the mobile phone industry, and the situation of excessive industrial inventories may finally improve.
After Huawei previously released the Mate 60 series, it set off a wave of stocking in the consumer electronics industry chain. As sales of Mate 60 series phones continue to rise, news continues to circulate that Huawei has raised its smartphone shipment target next year. A few days ago, South Korean media also said,Huawei has set a target of 100 million smartphone shipments next year — a figure that is 40% higher than the previous forecasts of several market research companies (70 million units).
In fact, among the manufacturers in the middle and upper reaches of the industry chain, Qualcomm is not the only one that has given signs of recovery --TSMC's performance will point out that mobile phones/PCs are showing early signs of recoveryWith the support of the new AI function, the semiconductor usage of a single mobile phone is expected to increase by 5% next year;Da Liguang also saw Apple's demand for high-end additional orders, leading to a month-to-month increase in revenue from October to November.
Now that the disclosure of the three-quarter report for A-shares has come to an end, the Q3 performance of consumer electronics-related targets such as Weir Shares, Stevie, Zhuo Shengwei, Weijie Chuangxin, and Aiwei Electronics has improved markedly month-on-month. Among them, the net profit for the third quarter increased by more than 279.61% and 570.7%, respectively.
On October 28, Zheshang Securities stated,Looking ahead to Q4 this year and 2024 at this time, Huawei is expected to become an important driving force for the recovery of the consumer electronics boom in 2024。 Guojin Securities added that electronics fundamentals are gradually improving, and performance in the third quarter is improving positively, and is expected to continue in the fourth quarter. In the medium to long term, AI is expected to empower consumer electronics, bring new switching demand, and is optimistic about improving demand, driven by demand for new AI technology, and autonomous and controllable industrial chains.
The report from Shengang Securities on October 29 indicates that with the launch of a number of hot new products since August, the popularity of the Chinese smartphone market has picked up, and consumer demand has improved.Shipments in the Chinese smartphone market are expected to reach an inflection point in the fourth quarter of 2023, achieving the first rebound in nearly 10 quarters.
Editor/jayden