NEENAH, WI -- Plexus today announced fiscal second quarter revenue was $980 million for the period ended Mar. 29, up 1.4% year-over-year.

OULU, FINLAND – Scanfil reported first quarter revenue of 192.6 million euros ($219.3 million), down 3.2% from a year ago. 

NEEDHAM, MA - Global smartphone shipments rose 1.5% year-over-year to 304.9 million units in the first quarter, according to preliminary data from IDC. The industry’s performance matched expectations, with manufacturers accelerating output to sidestep anticipated US tariff increases on Chinese imports.

IDC expects continued volatility in 2025 as companies face strategic choices in an unstable trade environment.

“The looming threat of tariffs drove vendors to front-load shipments, especially into the US,” said Francisco Jeronimo, VP of Client Devices. “This created an artificial boost that outpaced normal demand.”

Although the US government has temporarily paused tariffs on smartphone imports from China, uncertainty continues to cloud the outlook.

“This pause offers short-term relief, but long-term reliance on China’s supply chain remains a major risk,” said Ryan Reith, group VP of device trackers. He added that US brands should maximize the exemption window by shipping aggressively, though softer consumer demand could still emerge.

US shipments rose over 5%, driven by preemptive buying before potential price hikes. “The pause could also drive quarter two sales as consumers move to buy before tariffs return,” said Anthony Scarsella, research director.

Chinese government subsidies for devices under CNY6,000 ($820) boosted domestic sales, especially for mid-range brands. Samsung led the global market with 60.6 million units shipped, followed by Apple at 57.9 million—its strongest Q1 ever. Apple’s gains were tied to global stockpiling ahead of tariffs, though its Chinese sales lagged due to exclusion from subsidies. Xiaomi and Vivo saw growth in China, while OPPO slipped due to weaker international performance.

Q1 2025 Global Smartphone Shipments (millions):

• Samsung: 60.6
• Apple: 57.9
• Xiaomi: 41.8
• OPPO: 23.5
• Vivo: 22.7
• Others: 98.4
• Total: 304.9

Phoenix, AZ ― February 2025 ― Latham Industries, a renowned electronics contract manufacturer headquartered in Phoenix, is proud to announce that its CEO and Founder, Tracey Latham, has been awarded the Entrepreneur of the Year Award by Phoenix Mayor Kate Gallego. The award was presented during the Phoenix Sister Cities 2025 Global Links Business Luncheon, held on January 23 at The Abbey on Monroe in Downtown Phoenix.

The Global Links Business Luncheon highlighted “Innovations in Air Mobility” and featured a keynote address by Michael Robbins, President and CEO of the Association for Uncrewed Vehicle Systems International (AUVSI). Mayor Gallego’s 2025 Business Awards recognized outstanding contributions to Phoenix's business community, with honors bestowed upon:

• Export Champion of the Year: Avnet

• Entrepreneur of the Year: Tracey Latham, Latham Industries, LLC

• Brand Champion of the Year: Waymo

Tracey Latham expressed her gratitude, stating, “I am deeply honored to receive this award from Mayor Gallego and the City of Phoenix. This recognition reflects the dedication of our entire team at Latham Industries to innovation and excellence in electronics manufacturing.”

Latham Industries is a woman-owned electronics contract manufacturer headquartered in Phoenix, specializing in printed circuit board (PCB) assembly, rework, and repair. The company serves a diverse range of industries, including aerospace, commercial, medical, military, and security.

Tracey Latham extends her congratulations to fellow award recipients Avnet and Waymo for their significant contributions to Phoenix’s business landscape.

The company looks forward to continuing its commitment to excellence and innovation in the electronics manufacturing sector, contributing to the growth and success of the Phoenix business community.

Latham Industries stands out as an industry leader, being both ISO 13485:2016 and ISO 9001:2015 certified, ensuring the highest standards of quality and reliability in its electronic manufacturing services.

For more information about Latham Industries, please visit www.lathamindustries.com.

About Latham Industries

Latham Industries is a leading electronics contract manufacturer based in Phoenix, offering a wide range of services in the assembly and manufacturing of electronic components and systems. With a strong focus on quality, safety, and reliability, Latham Industries remains dedicated to delivering innovative and dependable solutions to clients across diverse sectors.