Market researchers iSuppli, IDC and Gartner have all reappraised their growth forecasts for 2009.
iSuppli cuts its prediction from 11.9 per cent growth down to 4.3 per cent while IDC dropped its forecast growth from 13 per cent to just three per cent.
Gartner is expecting a five per cent growth in shipments coupled with a four per cent decline in revenue at best. Its worst-case scenario predicts a two per cent drop in sales and a ten per cent decline in the value of the market.
“Pricing will continue to fall sharply, we are forecasting a 16% drop in average sales prices,” said IDC analyst Ezster Morvay. “Demand levels are much softer so vendors are going to be pushing more aggressive deals in the retail and reseller channels to stimulate demand.”