What trends did we see in Q2 and 2012?
The global technology industry is not immune to macroeconomic trends. Sales have been affected by the European debt crisis and concerns over the slowing recovery in the US.
The US economy expanded at 1.7% in the April-June quarter. This rate was slightly better than the general expectation, but was lower than the first quarter’s 2.0% growth.
With many upcoming high-profile product introductions, tech companies expect the second half of 2012 to be better, but remain cautious.
Software & Internet saw strong Q2 results. EMS and Cleantech struggled, while Systems & PC Hardware, Semiconductors and Consumer Electronics had mixed results.
The global IPO market, which started 2012 with 30 technology IPOs in Q1, declined significantly to 20 IPOs in Q2 and stagnated following Facebook’s IPO.
Software as a Service (SaaS) revenue is accelerating with 17.9% growth predicted in 2012 and a four-year CAGR through 2015 of 16%.
Consumers will spend $2.1 trillion in 2012 on digital info and entertainment products − most of it on mobile phones, computing, media and other smart devices.
Due to accelerating tablet sales, the worldwide PC market will grow just 0.9% in 2012 - and decelerating growth in Asia/Pacific has reduced the impact of emerging markets.