Worldwide OEM Electronics Sales Soared 19% Last Year
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Worldwide electronics sales soared 19% last year and are expected to grow another 7% this year as demand remains robust across the board. Personal tools surged nearly 22% in 2021. Due to a favorable shift in ASP mix, cellular handsets recorded a 25% increase in revenues while unit volumes increased only 5%. IT Infrastructure jumped 12%. Automotive sales soared 25% last year. Driving this huge increase was the electronic content, which surged nearly 21% last year.
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