Peak Season Bugle Sounds: Apple 2026 Q3 Production Estimated to

China's Server "Others" Shipments Stable at 45,000 Units for Thr

According to the latest data from DataTrack, shipments in China's server "Others" category recorded 45,000 units in the third quarter of 2025 (September). This figure is identical to the previous two quarters (March and June), forming a plateau trend for three consecutive quarters. Compared to 39,000 units in the same period of 2024, the year-on-year increase reached 15.4%; compared to the low of 35,000 units at the end of 2023, the rebound momentum is even more significant. This indicates that after undergoing inventory adjustments, this market segment has established a solid recovery pattern and returned to the historical high range seen between 2021 and 2022. Observing the breakdown structure, the "Others" category typically covers white-box servers (ODM Direct) and certain emerging domestic brands. Its shipment momentum is highly correlated with the capital expenditure of large internet companies (such as Baidu, Alibaba, Tencent, and ByteDance). Data shows that since the fourth quarter of 2024, this series jumped to 45,000 units and has remained there, reflecting that against a backdrop of relatively flat demand for general-purpose servers, demand for specific customized or high-end computing units has become a key pillar supporting total volume. This aligns with the observed market trend of rising revenue shares from AI servers for ODM manufacturers. An in-depth attribution analysis suggests this wave of growth is primarily driven by two factors: First is the "explosion of AI computing power." According to institutions like TrendForce and IDC, AI server demand remains the sole strong growth engine in 2025, with major CSPs continuously purchasing white-box servers equipped with high-end GPUs for training large models. Second is "Xinchuang localization." The Chinese government's regulatory requirements for data security have prompted more government and financial institutions to shift towards procuring servers that meet localization standards, boosting the shipment share of non-US brands (classified under Others). Market consensus views this type of demand as rigid and less susceptible to fluctuations in the consumer electronics cycle. Looking ahead, in the short term (1-2 months), shipment volumes are expected to fluctuate at the high level of 45,000 units; due to pressure to close projects by year-end, the probability of a significant pullback is low. However, in the medium term (3-6 months), potential risks warrant caution. On one hand, TrendForce warns that 2026 may enter a "low-growth consolidation period"; after a year of high-intensity procurement, clients may face inventory digestion pressure. On the other hand, the potential tightening of US export controls on AI chips remains the biggest uncertain variable in the supply chain, which may limit the actual output of high-end models. Sources referenced in this search: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQFEA_qSs-BtR3eAkbcMQxra1Bk6Psy3lNoWzpOZlLhiJOPETNC-rT6YVR3CCHCqgolqn0VNCA3cjE84lSme7nE-FsdU46KMrO-LETwfXJbrpLpLOiI5l5hgFIpXGMTivPUhu1qc2itob8tFW6t7 https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQHltQNueqBmP3qcH57cuOO_brLAls6snvrxtkyvtxDqPR__QXcr7zGyNZnT15Vm2A_zbdQRPHN8BE8nATSMmRuNPaNqoEs4qJL0Bq20cWqsT0G96x7WdWZI_LSvYS9QO5I2CFw9IDqbQ4phzFq65E3rtXXGmnhYCX0tfJAqjqc= https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQFfc3xC-ZsOpHTt3kAEgNsTDQRA3lm0g446Ha9g-D617z4dovD4iqnMX6XL_KtWPraZvSL98M8mwrPLcTWQyiVp6j5zijekaw6LXbFnhovrHLgU-rC3-7Q9HIsqfWBv7HPJ0-r6WTAKfPnu1a7TVAr0_B5c_iJKEgL7UQ==