News Article
NXP expects sales decline
The company provides updated sales guidance for the Q4-08.
NXP Semiconductors announces that it is providing updated sales guidance for the fourth quarter of 2008 in light of weakening macroeconomic conditions and a deteriorating sales environment.
Visibility of sales remains very limited. However based on overall consumer sentiment, recent order book development, and expected future trading levels, NXP foresees a 15% to 25% sequential sales decline in the fourth quarter on a business and currency comparable basis. This compares to the previous guidance of an 8 to 14% sequential sales decline as announced on 21 October 2008.
Visibility of sales remains very limited. However based on overall consumer sentiment, recent order book development, and expected future trading levels, NXP foresees a 15% to 25% sequential sales decline in the fourth quarter on a business and currency comparable basis. This compares to the previous guidance of an 8 to 14% sequential sales decline as announced on 21 October 2008.
