www.electronicsweekly.com/Articles/2008/06/24/43996/ana -
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Published on: 6/24/2008
Last Visited: 6/24/2008
In addition, the handset market in China is slowing, according to Longbow Research semiconductor analyst Tayyib Shah, based on a June survey of mobile phone retailers in the US and China that shows the US market rising and the Chinese market flattening.
"China's flat month-over-month sales number is a sign of weakness in that growing market which had seen near double-digit sequential.In the US the average was driven up by a number of contacts at Best Buy who reported a month-over-month sales increase of over 25%.If we strip out the numbers reported by our Best Buy contacts, the remaining US contacts reported a 3% month-over-month increase in sales," Shah offered, in a statement.
Shah said these trends support the 2% quarter-over-quarter decline in National Semiconductor's handset revenues that he is projecting for the company's fiscal Q1 2009 (ending August).
The handset trends in China are attributed to macroeconomic concerns over a slowing economy, a high inflation rate, and the recent earthquake.In addition, China shortened its May Labour Day holidays to three days this year from seven days last year, which Shah believes dampened handset sales.