Gartner (IT) Slashes FY11 Semi Sales Outlook
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EPS Growth %: +3.3%
Financial Fact:
Provision for income taxes: 14.26M
Today's EPS Names:
PMCB, CULP, HURC, More
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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:
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