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The global semiconductor revenue is on pace to reach $338 billion in 2014, a 7.2 per cent increase from 2013. This is also a 6.7 per cent rise from the previous quarter's forecast, according to a study by Gartner.
"Semiconductor revenue set an all-time record in the third quarter of 2014, fuelled by a strong electronics build for the holiday season," said Jon Erensen, research director of Gartner.
"Get ready for a flood of new product introductions, ranging from simple low-cost tablets to high-end ultramobiles and smartphones. Demand for the iPhone 6 and iPhone 6 Plus has been robust, but there is concern for other types of devices planned for the holidays,” Erensen added.
While some products may not sell through during the holiday season, Gartner remains bullish on 2014 consumer demand and forecasts 2014 unit production of smartphones and ultramobiles to increase 27.0 per cent and 18.9 per cent, respectively.
The semiconductor market is expected to grow 5.8 per cent in 2015, with high inventories in the first quarter of 2015 emerging as the largest concern, Gartner said in a statement.
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