News
NEEDHAM, MA – IDC this week sharply reduced its global smartphone shipment forecast to 0.6%, down from 2.3% projected earlier this year. The downgrade reflects growing economic uncertainty, tariff volatility and weakening consumer demand.
NEEDHAM, MA – IDC has raised its global PC forecast, projecting shipments will grow 4.1% year-over-year to reach 274 million units. The upgraded outlook follows a strong first quarter performance and comes despite looming uncertainty around US tariffs on imported personal computing devices.
JASPER, IN – Kimball Electronics announced plans to open a new manufacturing facility in Indianapolis, a move expected to create 345 jobs. The news was shared alongside the company’s fiscal quarterly earnings report, which showed solid financial performance amid continued market volatility.
CEO Richard D. Phillips praised the team’s execution: “Margins improved sequentially, cash from operations remained strong, and we’ve meaningfully reduced debt. We have significant dry powder to invest.”
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