Global TV shipments fell by 3% in 2023 to reach 223 million units, according to Counterpoint Research.
Global semiconductor industry sales reached $47.6 billion in January 2024, up by 15.2% year-on-year, but down by 2.1% month-on-month.
Macroeconomic conditions contributed to the decline in shipments as the economy experienced lackluster growth in 2023.
This milestone was achieved in less than five years, the shortest period when compared to previous technologies like 4G or 3G.
The Philippine smartphone market registered 3.8% YoY growth to 16.9 million units in 2023, according to IDC.
IoT connections on eSIM are expected to grow at a rapid pace of 43% annually to reach 2.2 billion by 2030.
According to TrendForce, the first quarter of 2024 will see a 7% quarterly reduction in MLCC shipments to 1.11 trillion units.
Amid the premiumization trend, Apple led the market with a 50% share of global smartphone revenues, its highest-ever for a full year.
Worldwide tablet shipments totaled 128.5 million units, a decline of 20.5% compared to 2022 and the lowest annual volume since 2011.
With chips playing a larger and more important role in countless products the world depends on, the long-term outlook for the IC market is extremely strong.
The tech industry remains steadfastly focused on AI in 2024, with the continued rollout of advanced AI chips leading to significant enhancements in processing speeds.
Apple became the leading smartphone company in China for the first time with record high market share of 17.3% in 2023.