下游的优势在于市场想象空间巨大，估值弹性高，一旦实现技术突破，有望获得垄断性收益。但风险远高于上下游：盈利周期极长，预计要到2030年才能实现现金流转正；技术路线失败率高，类似Meta元宇宙投入效果不佳的案例并不少见；且资本依赖性极强，一旦融资环境恶化，将直接冲击企业生存。
I could definitely be reading too much into a six-second social video, but Cook's X post looks to me like the back of a MacBook. The video also shows a person manipulating the Apple logo with their fingers, which, to me, screams "touchscreen."。业内人士推荐服务器推荐作为进阶阅读
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Increasing demand