Galaxy Securities: In the medium term, the consumer electronics industry may continue to face a situation of both opportunities and challenges.

Galaxy Securities pointed out that by 2025, the global consumer electronics market will advance in the "structural differentiation" between the slowing growth of traditional categories and the rise of new driving forces represented by AI. New form devices such as AI smartphones, AI PCs, AI glasses, etc. will accelerate their landing, and industry competition will shift from competing with single products to building ecosystems with a focus on overall experience. In the short to medium term, the industry may continue to face a situation of coexisting opportunities and challenges. The continuous deepening of AI innovation and the accelerated landing of new AI products on the edge will bring more certainty and opportunities for enterprises, but the cost increase caused by storage chips will also bring significant challenges.