Redwood City, CA – March 1, 2011 –Tech Channel Index (TCI) reported today that channel sell-through in the Middle East region* has experienced a marked slowdown in January. The trend first appeared the week of January 15th. After adjusting for normal seasonality trends, Middle East region sell-through fell almost 30% from Jan 8 to Feb 5, 2011.
Recent social and political events across the Middle East have dominated international news coverage. Data released by Tech Channel Index indicates the impact of unrest on technology sales in the region has been significant. The Middle East TCI Sales Index, a weekly measure of seasonally adjusted technology sales, dropped from a recent high of 149.4 for the week of January 8th, down to just over 107.2 by early February. For a detailed chart, click here.
For most global technology companies, the Middle East region represents a small but important market. TCI’s aggregated data shows the region as about 3% of global channel sales and 10% of EMEA sales, so the impact of this drop is limited on a global scale.
* Middle East Region defined as: Turkey, UAE, Israel, Egypt, Saudi Arabia, Qatar, Kuwait, & Jordan
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