Counterpoint Research

Today was all about Apple and its "tremendous" iPhone sales and services growth. The charts below say it all. - Stellar iPhone 17 sales driving China's October smartphone sell-out - Apple fastest growing brand in Q3 for smartphone shipments - Apple services hit financial year $100bn for first time - iPhone to account for 1/3 of US Foldables Shipments in 2026 - China: Base model iPhone 17 shines early on, Pro strong in October If you'd like the data or the deep dive, links to publicly available notes in the comments. #iPhoneSales #AppleServices #iPhoneFoldables

Ahead of 𝗔𝗽𝗽𝗹𝗲 𝗲𝗮𝗿𝗻𝗶𝗻𝗴𝘀 tomorrow we are sharing two forward-looking notes published over the past two weeks. 𝗨𝗦 𝗙𝗼𝗹𝗱𝗮𝗯𝗹𝗲 𝗦𝗺𝗮𝗿𝘁𝗽𝗵𝗼𝗻𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁   - Back to high-growth in 2026 driven by Apple - iPhone foldable could take one-third share 𝗨𝗦 𝗖𝗵𝗶𝗻𝗮 𝗶𝗣𝗵𝗼𝗻𝗲 𝟭𝟳 𝗦𝗲𝗹𝗹-𝗢𝘂𝘁 𝗨𝗽 𝟭𝟰% 𝗬𝗼𝗬 - Double-digit growth over the16 during first 10 days availability - Base model the standout Link to the notes in the comments. #Foldables #Apple #AppleEarnings #iPhoneFoldable #iPhone17

𝗛𝗲𝗹𝗹𝗼, 𝗡𝗩𝗜𝗗𝗜𝗔 𝗗𝗚𝗫 𝗦𝗽𝗮𝗿𝗸! Excited to share that the NVIDIA #DGX #Spark is on its way to Counterpoint Research! Some key takeaways before unboxing: - Strong, Scalable, and Compact — the DGX Spark delivers a powerful #AI development environment right to the desktop, extending the data center #ecosystem to individual developers. - Enabling more opportunities for hands-on innovation and deeper integration with NVIDIA’s AI #platform. - Stay tuned for our initial insights before the full unboxing and performance review in Asia. #NVIDIA #DGXSpark #AI #Innovation #DeepLearning #Research #Technology #Tech #Trends #Insights

𝗟𝗮𝘀𝘁 𝗰𝗵𝗮𝗻𝗰𝗲: 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝘁𝗵𝗲 𝗹𝗮𝘁𝗲𝘀𝘁 𝗖𝗼𝘂𝗻𝘁𝗲𝗿𝗽𝗼𝗶𝗻𝘁 𝗤𝘂𝗮𝗿𝘁𝗲𝗿𝗹𝘆: 𝗔𝘂𝘁𝗼𝗺𝗼𝘁𝗶𝘃𝗲 𝗘𝗱𝗶𝘁𝗶𝗼𝗻 which brings together all our auto related notes from the past quarter. We cover China/Global EV and ADAS dynamics, robotaxi developments, connected cars, AI in cars - and much more. Link to the 32 page report below.

𝐉𝐮𝐬𝐭 𝐏𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝: TSMC Strengthening #Foundry 2.0 Leadership Amid Strong #AI and #Packaging Demand Key Takeaways: - The #Foundry 2.0 era continues to shape profitably with the #AI boom. #TSMC has strengthened its leadership in the Foundry 2.0 market, with the Q3 2025 revenue rising to $33 billion, surpassing its guidance. - According to Counterpoint’s global foundry tracker, leading-edge nodes (3nm and 4/5nm) across foundries remained in tight #supply in Q3, underpinned by strong demand from AI accelerators and flagship #smartphones. - Demand for advanced #packaging stayed strong and stable, with TSMC’s expansion centered on CoWoS-L. The company’s #CoWoS capacity is projected to reach 100,000 wafers per month by end-2026, fuelled primarily by NVIDIA’s #GPU and custom #ASIC demand. - Among other leading #OSAT players, ASE Global also benefited sequentially from strong CoWoS demand, with its Q3 2025 revenue reaching around $5 billion. - Samsung Semiconductor and Intel Corporation, while riding Foundry 2.0 traction with vertical and #IDM play, are making some progress, but still have a long road ahead to attract a solid customer portfolio. Link to detailed insights in the comment below. #Foundry #Packaging #AI #GPU #ASIC #OSAT #IDM #Research #Technology #Tech #Trends #Insights

𝗝𝘂𝘀𝘁 𝗣𝘂𝗯𝗹𝗶𝘀𝗵𝗲𝗱: 𝗶𝗣𝗵𝗼𝗻𝗲 𝟭𝟳 𝗙𝗮𝗿 𝗢𝘂𝘁𝗽𝗮𝗰𝗲𝘀 𝗶𝗣𝗵𝗼𝗻𝗲 𝟭𝟲 𝗦𝗮𝗹𝗲𝘀 𝗶𝗻 𝗖𝗵𝗶𝗻𝗮 𝗮𝗻𝗱 𝗨𝗦 𝗗𝘂𝗿𝗶𝗻𝗴 𝗙𝗶𝗿𝘀𝘁 𝟭𝟬 𝗗𝗮𝘆𝘀 𝗼𝗳 𝗔𝘃𝗮𝗶𝗹𝗮𝗯𝗶𝗹𝗶𝘁𝘆 The iPhone 17 series is performing very well in the world's two largest iPhone markets - the US and China - with sell-out for the iPhone 17 series outselling the iPhone 16 by a double-digit percentage during the first 10 days of availability. 𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀 𝗳𝗿𝗼𝗺 𝗼𝘂𝗿 𝗻𝗼𝘁𝗲:  - iPhone 17 series outsold iPhone 16 by 14% in first 10 days of availability in China, US - Base model iPhone 17 the major driver; sell-out up nearly one-third - Chinese consumers warmed up to base model; China iPhone 17 sell-out nearly double that of base iPhone 16 · In US, iPhone 17 Pro Max seeing strongest demand through first two weekends of availability as COVID-19-era purchasers start upgrading · iPhone Air has been more popular than iPhone 16 Plus in US; China availability to provide boost globally Link to the note in the comments. #iPhone17Sales #iPhoneDemand #SmartphoneSales #iPhoneAir #Apple

ASML Q3 2025 #Earnings | Memory recovery, 3D integration, and China dynamics define the quarter Key Takeaways: - #Revenue up 1% YoY, driven by strong installed base sales despite softer system demand. - #Memory share rose to 36%, signaling renewed investment in #HBM and EUV-based DRAM. - #China accounted for 42% of system sales, with two-thirds of DUV revenue from Chinese customers. - First XT:260 advanced packaging tool shipped, offering 4× productivity and marking ASML’s move into #3D integration. - FY2025 revenue growth guided at ~15%, with stable margins around 52%; 2026 sales expected to hold steady. Analysts see ASML’s growing role in memory and advanced packaging as expanding its influence beyond leading-edge logic. #ASML #EUV #Semiconductors #Technology #Research #Insights #Analysis #AI #HBM #DRAM

TSMC Q3 2025 #Earnings | AI demand, advanced nodes, and global expansion sustain strong growth Key Takeaways: - #Revenue reached $33.1B, up 41% YoY and 10% QoQ, exceeding guidance; strength driven by #AI, #HPC, and #smartphone demand. - Advanced nodes (5nm/3nm) accounted for 74% of total revenue, underscoring TSMC’s process leadership. - #N2 set to enter volume production in Q4 2025, with N2P and A16 ramping in 2026 to power next-gen #HPC and #AI applications. - Global expansion continues: 4nm in mass production in the #US and #Japan; #Germany fab under construction; multiple N2 fabs progressing in #Taiwan. - Analysts highlight TSMC’s strength in #EUV, advanced packaging capacity, and AI-driven customer demand as key long-term advantages. TSMC raises its FY2025 revenue growth outlook to mid-30% YoY, reflecting continued confidence in AI-led semiconductor momentum. #TSMC #Foundry #Semiconductors #Research #Technology #Insights #Analysis #HPC #AI

Join us in Santa Clara a month from now to learn, debate and discuss AI, devices and new immersive experiences. We would love to see you there. Counterpoint Research is hosting AI + XR 360 Summit 2025 | Counterpoint Research.

𝐉𝐮𝐬𝐭 𝐏𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝: Global Shifts in #ADAS and #Autonomous Vehicles to Reshape Competitive #SoC Suppliers Landscape by 2035 Key Takeaways: - The top 5 #SoC players – Mobileye, NVIDIA, Qualcomm, Horizon Robotics and Huawei – will achieve a 78% market share by 2035 up from 69% in 2025. - The global Level 2 and above market is expected to grow at 8% CAGR by 2035 to achieve 84% penetration; #L2+ #autonomy is expected to grow significantly in China, with North America and Europe becoming fast followers, providing #NVIDIA, #Qualcomm and #Mobileye with growth and market share gains. - #Chinese SoC players #HorizonRobotics and #Huawei are expected to dominate the domestic market with over 50% market share by 2035. Link to detailed insights in the comment below. #Automotives #ADAS #Autonomous #Research #Technology #Tech #Trends #Insights