Apple(US:AAPL) 智通财经网·2025-10-21 05:48Group 1 - The global MLCC market is facing increased uncertainty in Q4 2025, impacting consumer and investment market confidence, which may pressure year-end consumer spending [1] - TrendForce forecasts a conservative inventory approach from OEM/ODM manufacturers, leading to a challenging outlook for consumer-grade MLCC orders, despite stable growth in high-end MLCC revenue [1] - Some smartphone brands are expected to reduce orders by 12-15% in Q4, while laptop demand is projected to decrease by 8-10% [1] Group 2 - The MLCC market is showing a clear polarization in supply, with major players like Murata, Taiyo Yuden, and Samsung benefiting from AI server and Apple new device demand, resulting in steady shipments [2] - Murata's MLCC shipments reached a historical high of over 140 billion units in September [2] - Other manufacturers are experiencing a decline in B/B Ratio due to weak demand for smartphones and laptops, prompting suppliers to adjust capacity and enhance automation to lower costs [2]