春节前电子板块指数周微涨 1.28%，但节后第一个交易日的表现并不尽如人意，总体来看，春节前后的五个交易日电子行业板块仍处于低迷调整期，我们所观察的中信电子板块 168 只个股中, 排除停牌标的，五日录得正收益的个股有 106 只，是近几周数量最多的一周。除上周表现较佳的 LED 板块以外，部分优质零组件白马成长标的（如立讯紧密、东山精密、胜宏科技）亦已在低估值安全边际下体现出较佳的抗跌与反弹需求。

随着新春佳节接近尾声，电子企业开始复工。春节期间部分电子企业均呈现满产状态，其中 LED 芯片龙头三安光电春节没有停工，持续出货。我们坚持看好在涨价逻辑下，三安光电的盈利能力+市场占有率双重升级。除此之外，消费电子依然为 2017 重点方向。苹果在 iPhone7 表现高于预期的期许下，今年的创新风向也将催化消费电子新机。随着玻璃机壳、快充、双摄、 OLED 等新技术的落地，我们看好蓝思科技、大族激光、艾华集团、顺络电子、欧菲光、精测电子等标的的发展。

IDC 统计 2016 年 HOV 智能手机全球销量 3.2 亿支，占比达 21%。OPPO 宣布 1Q 出货目标上修约 10%。路透社报道三星电子洽商村田制作所供应 S8 电池。金居开发微幅调涨铜箔加工费，1Q 业绩可望再挑战单季历史新高。

近五个交易日沪深 300 指数上涨 0.29%，中小板指数上涨1.12%，创业板指数下跌 0.21%，计算机（申万）指数上涨 0.83%。互联网金融指数下跌 0.003%，跑输沪深 300 指数 0.293 个百分点，跑输计算机（申万）指数 0.833 个百分点，主要受到基金减仓及估值进一步修复的双重影响。

Vendors in the market are promoting packaged and integrated smart security solutions in a cost-effective way for residential and commercial users. For instance,Honeywell’s smart security solution, Pro-Watch, is a security management solution that includes access control, alarm monitor, digital video, CCTV surveillance, video badging, and visitor management features into one powerful system.The evolution of Internet of things (IoT), intelligent transportation system (ITS), and edge-based video surveillance are some of the areas that offer market opportunities for the vendors.The global smart security market is witnessing many technological innovations,such as transition from 4K ultra HD (UHD) resolution surveillance cameras to near field communication (NFC).Sony launched SmartEyeglass SDK v1.4, equipped with a wide range of sensing technologies such as complementary metal–oxide–semiconductor (CMOS) image sensor, electronic compass, accelerometer, gyroscope, brightness sensor, and microphone. This surveillance camera provides control over visitors with clear colors and unique functions even in poor lighting.

The PPE market in the US is mature and is driven by increasing R&D innovation.With high market penetration in over 80% of the products categories, vendors in the market are focusing on product enhancements through R&D. The R&D expenditure of MSA Safety grew by 5.88% in 2015 compared to 2013. In June 2016, DuPont announced the development of the next generation Tensylon, which is a polyethylene material with ultra-high molecular weight and high performance.Tensylon is used in hard armor PPE for law enforcement and military applications.This expansion of R&D by DuPont is under contract with the US army. Smart PPE has become a preferred choice for end-user industries such as emergency medical services, mining, and oil and gas, due to improved safety management features and ease of use. New smart PPE products available in the market offer integrated features such as Bluetooth, radio frequency identification (RFID), and near field communication (NFC) to enhance communication. So, the revenue contribution of smart PPE is expected to increase to 25% by 2020.

The information and communication sector (ICT) in the Czech Republic accounted for 5.1% of the economy’s gross value added (GVA) in 2015 versus 5.2% in 2008. Employment in the ICT sector accounted for 2.6% of the total employment in the country in 2015. The subsector with the highest number of employees was computer programming, consultancy and related activities, having a share of 56.1% of the total employment in the ICT sector in 2015. It has the highest share in the ICT sector with respect to revenues and number of enterprises too.

France has the third largest telecoms market in Europe after Germany and the UK. The incumbent telco Orange Group is one of the world’s major players with interests in markets across Europe, the Middle East and Africa. The company recently embarked on its five-year ‘Essentials 2020’ program which is focussed on emerging markets as well as on investments in super-fast broadband and LTE infrastructure within its European footprint. Despite market liberalisation, the company still dominates all sectors though increasing competition from a number of major players (notably SFR Group and Iliad) has gradually eroded this lead, prompting it to respond with a range of innovative offers and wide-ranging strategies to meet future customer needs. It is also investing in a national fibre network, largely in response to the activities of smaller players.In the broadband market subscriber growth has been bolstered by demand for high bandwidth applications, prompting considerable investment in fibre infrastructure among telcos and regional governments. The pro-competitive regulator has also promoted access to Orange’s DSL network and fibre networks for new entrants. In early 2017 the regulator considered a range of measures to improve access to Orange’s networks.

The point of sale (POS) terminals market in Europe is driven by the small and medium enterprises segment and the replacement of non-Europay, MasterCard,and Visa (non-EMV) POS terminals with EMV POS terminals by the existing endusers. As of 2015, 65.85% of POS terminals were used at fixed terminals, which will decline to 56.74% by 2020 due to the increasing demand for mobile POS terminals.The demand for value-added services such as inventory management, analytics,and sales tools integrated with POS terminals is growing. These services will be a major source of revenue for vendors during the forecast period.Contactless payment systems are gaining traction in the POS terminals market in Europe. The overall payment card transactions based on near-field communication (NFC) will increase from 5.59% in 2015 to 12.05% in 2020.

整體而言，2017年國際經濟情勢尚未撥雲見日，台灣經濟風險仍存。根據本院2016年11月初公布之預測，2016年經濟成長率估計為1.17%，2017年GDP成長率預測為1.65%，較2016年成長0.48個百分點。在本院公布2017年預測之後，行政院主計總處也於11月底提出對於2017年景氣的看法，2016年經濟成長由1.22%調整至1.35%，而2017年經濟成長為1.87%。雖然各預測機構有志一同認為2017年經濟成長幅度略勝於2016年，但與過去相比，不到2%的成長力道顯示台灣經濟仍未完全走出低氣壓。

2015年前，VR在国内尚处萌芽阶段。国内首批VR相关企业虽已逐渐成立，但由于市场概念普及尚不成熟，产品孵化也需要时间，市面上很少有能够站上国际舞台的产品。

新一代显示技术 OLED 对比 LCD 技术优势明显，在技术和政策的双重支持下，已形成了替代 LCD 的趋势。AMOLED 技术的逐步成熟以及智能移动终端的发展，使 OLED 市场在销量和应用上实现了快速突破，生产线投资布局不断加快；无论是手机电视等传统的显示设备厂商，还是未来具有无限潜力的可穿戴智能设备，对于 OLED 屏幕的需求均十分火爆，OLED 市场逐渐形成完整的产业链。 

本周是节后第一周，大盘在区间内小幅震荡，交投清淡，成交量创出近两年来的新低，盘中热点缺乏持续性，只集中在有限的品种上。在此氛围下，中国联通回调带动运营板块小幅调整0.61%，而通信设备类个股在年报消息面刺激下有所走强，上涨1.03%，导致通信行业整体上涨0.68%，跑赢沪深300指数1 个百分点。

经过智能手机产业链近十年的景气周期洗礼，大陆电子产业主体结构已经从“来料组装和低端零器件”逐渐升级为覆盖“零器件-模组-高端终端品牌”的全产业链配套体系，目前大陆电子产业微笑曲线积极向两端延伸，在终端品牌和上游高毛利环节均取得较大突破，产业结构升级势头喜人。

随着 Nokia6 新机型的预售，这个阔别已久的传奇品牌再度回到中国市场。而在今年，很可能还有另一个昔日大牌重返中国，那就是黑莓。与诺基亚类似，黑莓也是以品牌授权的方式获得重生，合作伙伴是中国厂商 TCL。

尽管得知此消息的一众吃瓜群众纷纷表示：我可能是听到了一条假消息！然而不同品牌手机的销售价格都在上涨的事实也确实印证了这一消息并非空穴来风。

近日，一架无人机从京东设于江苏宿迁的双河站配送中心起飞，将数个订单的货物送至宿迁曹集乡旱闸的乡村推广员刘根喜手中，京东无人机配送首单顺利完成。京东通过无人机在农村实现了配送，再次引发了业界对无人机配送的关注和热议。

近年来，我国对科学研究予以很大的关注，科技水平也在不断地提升。新技术的开发对计算机技术的发展显得越发地重要。同时将其他技术与计算机技术相互融合的趋势更加明显，尤其是人工智能技术在计算机中的应用越来越广泛。现阶段计算机人工智能技术的发展成为了人们主要的研究方向。本文主要阐述了这项技术的发展历程以及在各个领域中的应用情况。

进入2月后，全球主要调研公司的智能手机报告相继出炉，结合这些数据可以看出，2016年智能手机市场都发生了哪些变化。