shipment

The company’s smartphone momentum could make it the annual leader in smartphone shipments for the first time in 14 years, according to analysts at Counterpoint Research who see the company holding that crown through 2029.

However, weakness in non-tech shipments could linger, as elevated inventories lead to demand headwinds in China and the full impact of U.S. tariffs are expected to play out next year, they add.

Construction and forestry sales jumped 27%, also attributed to higher shipment volumes.

In 2010, a maritime territorial dispute with Tokyo prompted Beijing to suspend shipments of the minerals to Japan -- the first major incident highlighting geopolitical ramifications of China's control over the sector.

Dell Technologies raised its full-year outlook as it is expecting more AI shipments.