郭明錤：苹果提前备货iPhone将缓冲关税冲击，但仍面临重大压力_老虎社区_美港股上老虎

郭明錤：苹果提前备货iPhone将缓冲关税冲击，但仍面临重大压力

IT之家2025-04-15

4月14日消息，天风国际分析师郭明錤昨日在报告中指出，苹果自今年农历年后便开始为美国市场备货，囤积了超过两个月的 iPhone 库存。这个库存缓冲将帮助美国市场在 2025 年第二季度免受关税影响。然而，这种提前备货可能会在机型过渡期导致供应链中断，比往年更为严重。但对供应链而言，提前拉货可能导致新旧款 iPhone 转换期的出货衰退较以往显著。iPhone 进口关税由 145% 下降到原本的 ...

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·2025-04-15
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11:27","market":"us","language":"zh","title":"郭明錤：苹果提前备货iPhone将缓冲关税冲击，但仍面临重大压力","url":"https://stock-news.laohu8.com/highlight/detail?id=1117279437","media":"IT之家","summary":"但对供应链而言，提前拉货可能导致新旧款 iPhone 转换期的出货衰退较以往显著。iPhone 进口关税由 145% 下降到原本的 20%，表面上对缓解市场气氛有帮助，但苹果公司依然面临重大压力，这从其提前积累库存的做法中可以看出。郭明錤指出，当前美国不确定的关税政策是 iPhone 供应面临的最大短期不确定性。","content":"<html><head></head><body><p>4月14日消息，天风国际分析师郭明錤昨日在报告中指出，<a href=\"https://laohu8.com/S/AAPL\">苹果</a>自今年农历年后便开始为美国市场备货，囤积了超过两个月的 iPhone 库存。这个库存缓冲将帮助美国市场在 2025 年第二季度免受关税影响。然而，这种提前备货可能会在机型过渡期导致供应链中断，比往年更为严重。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b32ba8391bae79ebfad544b122b9809b\" tg-width=\"749\" tg-height=\"869\"/></p><p style=\"text-align: justify;\">但对供应链而言，提前拉货可能导致新旧款 iPhone 转换期的出货衰退较以往显著。iPhone 进口关税<strong>由 145% 下降到原本的 20%</strong>，表面上对缓解市场气氛有帮助，但苹果公司<strong>依然面临重大压力</strong>，这从其提前积累库存的做法中可以看出。</p><p style=\"text-align: justify;\">郭明錤指出，当前美国不确定的关税政策是 iPhone 供应面临的<strong>最大短期不确定性</strong>。虽然关税变化可能会在短期内影响股价，但中长期来看，市场的关注点将更多集中在苹果如何应对地缘政治风险、提升 iPhone 竞争力以及宏观经济形势。</p><p style=\"text-align: justify;\">不过，他近期还提到“中国负责组装 iPhone 的产线已停止生产”。据IT之家昨日的报道，这一消息随后得到了相关供应链厂商的否认：“该消息纯属误传”。</p></body></html>","source":"ithome","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>郭明錤：苹果提前备货iPhone将缓冲关税冲击，但仍面临重大压力</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n郭明錤：苹果提前备货iPhone将缓冲关税冲击，但仍面临重大压力\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-04-15 11:27 北京时间&nbsp;&nbsp;&nbsp;<a href=https://www.ithome.com/0/845/077.htm><strong>IT之家</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>4月14日消息，天风国际分析师郭明錤昨日在报告中指出，苹果自今年农历年后便开始为美国市场备货，囤积了超过两个月的 iPhone 库存。这个库存缓冲将帮助美国市场在 2025 年第二季度免受关税影响。然而，这种提前备货可能会在机型过渡期导致供应链中断，比往年更为严重。但对供应链而言，提前拉货可能导致新旧款 iPhone 转换期的出货衰退较以往显著。iPhone 进口关税由 145% 下降到原本的 ...</p>\n\n<a href=\"https://www.ithome.com/0/845/077.htm\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c8bf4565bc4c9ea6e0ff587a10365663","relate_stocks":{"AAPL":"苹果","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","IE00B3SWFQ91.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) INC","HK0000320223.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) ACC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","IE00B4JS1V06.HKD":"JANUS HENDERSON BALANCED \"A2\" (HKD) ACC","HK0000306685.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) INC","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","HK0000320264.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) ACC","IE00BN29S564.USD":"JANUS HENDERSON BALANCED \"A3\" (USD) INC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","BK4574":"无人驾驶","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","BK4573":"虚拟现实","BK4581":"高盛持仓","BK4512":"苹果概念"},"source_url":"https://www.ithome.com/0/845/077.htm","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117279437","content_text":"4月14日消息，天风国际分析师郭明錤昨日在报告中指出，苹果自今年农历年后便开始为美国市场备货，囤积了超过两个月的 iPhone 库存。这个库存缓冲将帮助美国市场在 2025 年第二季度免受关税影响。然而，这种提前备货可能会在机型过渡期导致供应链中断，比往年更为严重。但对供应链而言，提前拉货可能导致新旧款 iPhone 转换期的出货衰退较以往显著。iPhone 进口关税由 145% 下降到原本的 20%，表面上对缓解市场气氛有帮助，但苹果公司依然面临重大压力，这从其提前积累库存的做法中可以看出。郭明錤指出，当前美国不确定的关税政策是 iPhone 供应面临的最大短期不确定性。虽然关税变化可能会在短期内影响股价，但中长期来看，市场的关注点将更多集中在苹果如何应对地缘政治风险、提升 iPhone 竞争力以及宏观经济形势。不过，他近期还提到“中国负责组装 iPhone 的产线已停止生产”。据IT之家昨日的报道，这一消息随后得到了相关供应链厂商的否认：“该消息纯属误传”。","news_type":1,"symbols_score_info":{"AAPL":1}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"hasMoreComments":false,"newsSizeData":{"likeSize":1,"commentSize":1,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}