EL SEGUNDO, CA -- A leading research firm today lowered its outlook for electronics equipment, although the revised growth remains solid for 2008.

Global electronics equipment revenue is expected to rise to $1.6 trillion in 2008, up 6.6% from 2007, iSuppli said. The firm trimmed 40 basis points from its previous forecast of 7% growth. The firm expects 2009 growth of 5.3%.

Equipment revenue will be impacted by economic concerns and reductions in capital spending, the firm said.

On the strength of a second-half surge in sales, particularly for notebook PCs and 3G handsets, iSuppli raised its 2007 electronics equipment growth forecast to 7.4%, up from 6.8%. Notebooks and 3G handsets, and digital TV sales are expected to slow in 2008.
 
Submit to FacebookSubmit to Google PlusSubmit to TwitterSubmit to LinkedInPrint Article
Don't have an account yet? Register Now!

Sign in to your account