Market News

NEEDHAM, MA – Worldwide smartphone shipments declined 0.1% year over year to 302.8 million units in the third quarter, according to preliminary data from IDC's Worldwide Quarterly Mobile Phone Tracker. Although macroeconomic uncertainties linger as markets struggle with soft demand, inflation, and geopolitical tensions, healthy inventory and the slower pace of decline are encouraging some vendors to increase shipments.

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TOKYO – Japan's PCB output has shrunk for 10 consecutive months and continues to fall into double-digit declines, with August representing the third largest decline this year, according to the Japan Electronics Packaging Circuits Association.

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BANNOCKBURN, IL – North American PCB shipments in September were down 14.6% compared to the same month last year and were up 35.7% compared to August, according to IPC's North American PCB Statistical Program. The book-to-bill ratio stands at 1.01.

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BANNOCKBURN, IL – Total North American EMS shipments in September were down 9.8% compared to the same month last year, according to IPC's monthly North American EMS Statistical Program. Compared to the preceding month, September shipments decreased 12.4%. The book-to-bill ratio stands at 1.27.

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ORLANDO, FL – Worldwide IT spending is projected to total $5.1 trillion in 2024, an increase of 8% from 2023, according to the latest forecast by Gartner. While generative AI has not yet had a material impact on IT spending, investment in AI more broadly is supporting overall IT spending growth.

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TAIPEI – The global notebook market is set to rebound in 2024, with a projected 2-5% growth projected in yearly shipments, according to the latest market report by TrendForce.

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