Hi Peter - the February 2013's ACTUAL global semi sales came in at $21.102 billion as gleamed by back-calculating from the 3MMA sales numbers for both January and February as reported by the SIA, namely $24.17 billion and $23.25 billion, respectively. It should be noted that the January 2013's actual sales number was revised upwards slightly relative to last month's actual sales result of $22.824 billion as published by the WSTS. Plugging in these actual sales into the Cowan LRA forecasting model yields an updated 2013 sales forecast estimate of $303.6 billion which is down quite dramatically compared to last month's sales forecast estimate of $310.7 billion. Consequently, 2013's updated sales growth expectation dropped to plus 4.1 percent compared to last month's prognostication of plus 6.6 percent.
Mike Cowan (Independent semi industry market watcher and developer of the Cowan LRA Model for forecasting global semiconductor sales and sales growth numbers - updated each month)
Thanks for the extra insight and analysis.
Interesting to note that January was corrected upwards.
In addition it should be noted that movement of holidays associated with the Chinese New Year into January and then back into February can create anomalies. Comparing first quarter with first quarter should be a good indicator of how 2013 is going.
Hi Peter (again) - since you mentioned quarterly compares, namely 1Q13 versus 1Q12, the model is predicting 1Q13 sales of $72.128 billion. Therefore year-over-year sales growth is expected to come in at plus 3.3 percent. Additionally, sequential sales growth, that is 1Q13 versus 4Q12, is expected to be minus 2.8 percent. The forecasted 1Q13 sales estimate implies that March's actual sales is forecasted to be $27.831 with a corresponding yr-over-yr sales growth prediction of plus 5.4 percent. Thus stay tuned for next month's sales number for "verification" of the model's predictive capabilities.
"daleste" - note that the plus 5.4% sales growth number that you invoke (in your comment above) is for the month of March (based on the model's next-month's sales forecast of $27.831 billion) versus March 2012, that is, year-over-year! It does not refer to a quarter as you stated. Again, stay tuned to see how this result "turns out."
Regards, Mike C.