Semiconductor sales in October went up 5% worldwide from last year, thanks to strong growth in the Asian-Pacific region and Japan, and an industry association forecasts 3.8% growth for the year, reports the Wall Street Journal. Meanwhile prices have dropped rapidly -- "Consumers are reaping huge benefits from continued rapid price attrition," said the association president.
October sales reached $23.1 billion, up from $22 billion last year and $22.6 billion in September. Chip sales increased 8.5% in the Asian-Pacific region, 6.6% in Japan and 2.2% in Europe, while sales fell by 3.1% in the Americas. U.S. retailers reported strong consumer electronics sales on the day after Thanksgiving.