Global Smartphone, PC Shipments Expected to Decline in 2022 Amid Inflation, China Slowdown: Gartner

Global smartphone and PC shipments are expected to decline in 2022, according to a report by research firm Gartner. Phone shipments to China, which is the world’s largest smartphone market, are expected to fall by 18 percent due to Covid-19 curbs that halted production in economic areas. Gartner expects a drop of 7 percent in…

Micron Forecasts Q4 Earnings Below Expectations, Raises Concern About Chip Down Cycle

Micron announced a significantly weaker than expected business outlook on Thursday. The company forecast adjusted revenue for the current quarter at $7.2 billion (nearly Rs. 56,800 crore), plus or minus $400 million (nearly Rs. 3,200 crore). This has raised concern that following nearly two years of strong demand, the industry was turning towards a down…