Soft underlying demand in both consumer and commercial end markets continues to challenge the devices industry. According to Federal Reserve Economic Data, consumer sentiment is currently lower than it was after the onset of the pandemic, explaining consumers’ cautious and limited buying behaviors.
Join Senior Analyst Ben Carbonneau, Research Analyst Alek Maxfield and Principal Analyst Ezra Gottheil Thursday, May 18, 2023, at 1 p.m. EDT/10 a.m. PDT as they deep dive into the devices end market, including the commercial end market where demand has weakened significantly over the last few quarters as organizations’ appetites for spending has waned due to persistent macroeconomic factors including inflation, rising interest rates and geopolitical friction in Eastern Europe as well as the South China Sea. Additionally, recent turbulence in the banking industry has exacerbated concerns of a recession.
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