Gartner (IT) Slashes FY11 Semi Sales Outlook
Tweet
Share
E-mail
Get Alerts IT Hot Sheet
Price: $169.69 -1.68%
Revenue Growth %: -2.0%
Financial Fact:
Depreciation: 9.53M
Today's EPS Names:
SUNB, CULP, KFY, More
Revenue Growth %: -2.0%
Financial Fact:
Depreciation: 9.53M
Today's EPS Names:
SUNB, CULP, KFY, More
Join SI Premium – FREE
Gartner (NYSE: IT) cut its forecast for 2011 worldwide semiconductor sales growth early Monday morning.
The firm now sees unit growth falling from a previously expected 6.2 percent to a rise of 5.1 percent. Gartner sees sales totaling $315 billion.
A major factor influencing the change included the March 11th earthquake in Japan, though the event did not cause a huge disruption to the electronics industry.
Gartner forecasts worldwide application-specific standard product revenue to reach $79.7 billion in 2011 and grow to $99.4 billion by the end of 2015. The growth is due largely to Apple's (Nasdaq: AAPL) application-specific integrated circuit, which will have solid growth through 2015 as Apple continues to roll out innovative products and has a firm grip on several key electronics markets.
Two-thirds of chip sales are expected to come from smartphone and media tablets though 2013.
Stocks to watch on the news include:
The firm now sees unit growth falling from a previously expected 6.2 percent to a rise of 5.1 percent. Gartner sees sales totaling $315 billion.
A major factor influencing the change included the March 11th earthquake in Japan, though the event did not cause a huge disruption to the electronics industry.
Gartner forecasts worldwide application-specific standard product revenue to reach $79.7 billion in 2011 and grow to $99.4 billion by the end of 2015. The growth is due largely to Apple's (Nasdaq: AAPL) application-specific integrated circuit, which will have solid growth through 2015 as Apple continues to roll out innovative products and has a firm grip on several key electronics markets.
Two-thirds of chip sales are expected to come from smartphone and media tablets though 2013.
Stocks to watch on the news include:
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Cooper Cos. (COO) Tops Q3 EPS by 3c, Offers Guidance
- Casey's General Stores (CASY) Tops Q1 EPS by 69c
- Citi says this chipmaker is "the key beneficiary of the CPU renaissance"
Create E-mail Alert Related Categories
Guidance, Insiders' BlogSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
