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Communications industry output to grow 18.7% in 2012: institute

Communications industry output to grow 18.7% in 2012: institute

Taipei, June 28 (CNA) Taiwan's communications industry production will reach US$72.4 billion this year, marking an 18.7 percent year-on-yearn growth, thanks to srong demand for smartphones, the Market Intelligence & Consulting Institute (MIC) said Thursday. The estimated 18.7 percent growth is higher than the projected 15.2 percent growth for the global communications industry this year, said Welber Chang, an analyst with the MIC, a unit under the government-sponsored Institute for Information Industry. Global smartphone production is projected to reach NT$1.47 trillion (US$44.5 billion) this year, a 23 percent increase from last year, Chang said. He further said mobile communications devices account for 75 percent of Taiwan's overall communications industry production.
Strong demand for smartphones has squeezed the market of Global Positioning System (GPS) devices, he noted. The production value of GPS devices is estimated to decrease by 32 percent this year on competition from smartphones and on waning consumer sentiments from the European market, he added. (By Stacey Wu and Ann Chen)


Updated : 2021-02-25 16:16 GMT+08:00