The Directorate General of Budget, Accounting and Statistics (DGBAS) said on Jan. 30 that Taiwan’s economy grew 3.51% last year, slightly above the government’s earlier forecast of 3.43%.

DGBAS said that the nation registered a real GDP growth of 3.17% during the last quarter of 2014, beating its own estimate in November of 2.83%. The DGBAS said that despite a series of food safety scandals and crisis in Taiwan during the fourth quarter last year, the domestic economy remained steady and continued to grow, which was the main reason to beat its own forecast last November.

Quoting its statistics, DGBAS said that during the period between October and December, Taiwan’s exports in electronics, machinery and base metal all increased, while outbound sales in gasoline/diesel and plastics/rubber products offset total exports.

The DGBAS said that after inflationary adjustment, real exports in merchandise and services during the fourth quarter last year showed the year-on-year growth of 5.57%, while merchandise and services imports grew 4.59% from the previous year. In the meantime, retail sales for the fourth quarter were boosted by a 4.31% year-on-year sales growth in the auto industry.

DGBAS said, however, the statistics showed that the food safety scandals during the last quarter for 2014 did hurt consumer sentiment to some extent. A positive factor, however, was the local government elections in late November, which boosted spending during the campaign period, the DGBAS said, which became a reason that retail revenue in Taiwan grew 3.08% year-on-year in the fourth quarter, and private consumption increased 2.33%.

DGBAS’ statistics also showed that fixed capital formation also increased, rising 2.19% from a year earlier. Capital equipment imports, however, showed a 1.74% plunge as a result of a higher comparison base in the same period of 2013.

As for the first three quarters of 2014, DGBAS said, Taiwan’s GDP grew 3.41%, 3.87% and 3.63%, respectively.

The DGBAS was scheduled to issue a preliminary report on the nation’s GDP growth for the whole of 2014 and an updated forecast for 2015 sometime in the upcoming February. In its most recent prediction last November, it forecast a 3.50% growth for 2015.

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International Data Corp’s (IDC) latest mobile phone forecast said that worldwide smartphone shipments will reach a total of nearly 1.3 billion units in 2014, representing an increase of 26.3% over 2013.

IDC, meanwhile, expects 1.4 billion smartphones to be shipped worldwide in 2015 for a 12.2% year-over-year growth rate. Slower annual growth continues throughout the forecast with unit shipments approaching 1.9 billion units in 2018, resulting in a 9.8% compound annual growth rate for the forecast period between 2014 and 2018.

Melissa Chau, senior research manager with IDC’s Worldwide Quarterly Mobile Phone Tracker, said that the impact of upstart Chinese players in the global market will be reflected in a race to the bottom when it comes to price.

“While premium phones are not going anywhere, we are seeing increasingly better specs in more affordable smartphones,” she said. “Consumers no longer have to go with a top-of-the-line handset to guarantee decent hardware quality or experience. The bigger question now is how much lower can prices go?”

IDC’s report said that on a worldwide basis, smartphones are expected to have an average selling price of $297 worldwide in 2014, and it will drop to US$241 by 2018. Emerging markets, such as India, will see much lower smartphone prices around $135 each but will fall to US$102 by 2018. The report said, however, the prices in mature markets are not expected to change significantly and modestly higher shipment volumes will not drive up overall revenues as each generation of flagship phones shows less and less differentiation from its predecessors.

IDC said that Android devices will continue to drive shipment volumes from an operating system perspective, while iOS devices drive revenues. By 2018, Android will control 80% of global smartphones shipped and 61% of revenues, while iOS will control only 13% of volumes and 34% of revenues. With Android volumes so dominant, IDC said, it is no longer a possibility for new operating systems like Tizen and Firefox to compete on price alone.

“As shipment volume slows, we expect greater attention to shift toward value trends,” said Ramon Llamas, research manager with IDC’s Mobile Phones team. He said that Apple’s approach with premium pricing ensures a growing portion of overall revenues despite its declining market share. Meanwhile, Android’s multi-faceted approach, with forked versions and low-cost Android One strategy, will produce mixed results, yet it allows deeper penetration into merging markets.

“That can lead to additional pressure on its vendor partners, who will need to seek greater differentiation in terms of devices and experiences in the hyper-competitive smartphone market,” Llamas said.

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According to Gartner’s latest report on the PC market shipments and marketshare, the company is reporting that overall global PC shipments shrunk 0.5% year over year. However, if you look at the US and EMEA figures, you see that the US grew by a sizable 4.2% and Europe more than doubled that by growing a hefty 9.6%.

What this means is that even though the US and Europe, which are considered developed markets, saw significant growth, the losses in Asia and other global markets (Latin America and Africa) ate up all of those growths in shipments. Also, Gartner’s data does not include Chromebooks or non-x86 tablet PCs, which may even skew the US and EU PC market figures downward where we’re seeing a huge resurgence of Chromebooks.

As you can tell from Gartner’s PC Market table for the entire global market, Lenovo continues to see incredibly strong growth year over year mostly at the cost of ‘other’ PC market vendors who saw their shipments decreasee 15.5%. The reality is that the global PC market last quarter was effectively flat when compared to last year since 0.5% is almost within their margin of error. As such, any gains are very likely at the cost of some other competitor.

In the US, HP still continues to be the number one vendor in the PC market even though Dell seems to be catching up to them, showing the largest growth, a whopping 18.4% year over year. Apple also saw fairly good growth, meaning that their overall marketshare of the US PC market continues to grow. Toshiba was actually the only major vendor to see a significant decrease in shipments, which is very likely due to the fact that the company’s overall product line in the US is fairly weak. Globally, Toshiba is not even ranked top 5.

Europe is a fantastic story for the PC market and overall the top four vendors saw fantastic growth with HP seeing 14% growth while Lenovo and Acer both saw over 40% growth year over year. Even ASUS saw over 33% growth in the third quarter compared to last year, which bodes really well for the Asian manufacturers. In fact, the companies’ contraction in Asia is very likely offset by growth in Europe where ASPs are generally higher.

Overall, it appears as though the PC market is nowhere near finished and that tablets are not having the impact that many would have you believe. The developed markets have had their time with tablets and the saturation of tablets has pretty much reached its peak. The PC Market in Asia and other markets is either struggling due to reduced overall economic demand (like in China) or due to tablets still not having reached saturation levels that they have in the developed markets. If you consider that the developed markets are generally more profitable for most PC manufacturers (regardless of where they’re from) then most PC manufacturers will consider the third quarter a good one that could be better.

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