[营销星球]麦格理-全球智能手机报告：到2022年，5G将推动智能手机销量恢复至16.4亿部-2019.11.5-115页

Pleaserefertopage113forimportantdisclosuresandanalystcertification,oronourwebsitewww.macquarie.com/research/disclosures.5November2019GlobalEQUITIESInsideFocuscharts2Investmentsummary3Smartphonerecoverydrivenby5G11Volumerecoverybenefitstopsixbrands19Smartphonetrend1:5G$contentincomponents26Smartphonetrend2:multi-cameraupgrade30Appendices35SunnyOptical(2382HK)45QTechnologyGroup(1478HK)72AACTechnologies(2018HK)93AnalystsMacquarieCapitalLimitedCherryMa+85239225800cherry.ma@macquarie.comNicolasBaratte+85239225801nicolas.baratte@macquarie.comFionaLiu+85239221368fiona.liu@macquarie.comEricaChen+862124129024erica.chen@macquarie.comMacquarieCapitalSecurities(Japan)LimitedDamianThong,CFA+81335127877damian.thong@macquarie.comHiroshiTaguchi+81335127867hiroshi.taguchi@macquarie.com