Tin Export Ban in Indonesia Likely to Upset Global Supply in the Long Run

According to Counterpoint Research's China Smartphone Weekly Sales Tracker, China's weekly smartphone sales have maintained a double-digit YoY decline since July. Affected by rising storage costs, consumer demand remains weak, but with the arrival of the September new product launch cycle, the market is expected to see a MoM recovery. Sales of the iPhone 18 Pro series in its first three days of availability (accounting for only three days of Week 38) were up 12% YoY compared with the first-week sales of the iPhone 17 Pro series. Driven by this strong start, Apple topped the weekly sales chart in Week 38, capturing a 33% share of China's smartphone market.

According to TrendForce's latest memory industry research, in Q4 2026, DRAM manufacturers will continue to allocate advanced process capacity to high-performance products for server applications, maintaining an overall undersupply situation. However, the contract price uptrend is slowing down, with Conventional DRAM expected to increase by 10%–15% QoQ. The NAND Flash market is showing a dual-track development of AI acceleration and low consumer demand that nonetheless drives price increases, with overall contract prices expected to rise by 15%–20% QoQ.

Kimi has made another advance in markets outside China. US AI infrastructure company Baseten announced that enterprise users can now use Kimi K3 within OpenAI's coding tool Codex, with related usage fees billed directly against enterprises' existing OpenAI procurement commitment quotas, eliminating the need for new supplier procurement processes. This means Kimi K3 has entered the mainstream paid settlement channel for OpenAI's enterprise clients, and it is also the first time a Chinese open-source model has entered this enterprise procurement system.