Assuming coverage of the US Enterprise Hardware and Networking sectors
We see ongoing secular headwinds across the Hardware sector as Public Cloud spending negatively impacts revenue growth as on-premise spending remains under pressure. Across the Networking sector, delays in 400G spending and likely shifting spending priorities away from the Campus driven by work-from-home initiatives and disruptive technologies like SD-WAN should also act as a governor on revenue growth..
UBS Evidence Lab datasets amongst proprietary data and analysis
Our coverage assumptions and initiations are supported by a dozen UBS Evidence Lab datasets including Storage and Networking VAR surveys, a proprietary Global Apple Services Consumer Survey, and a Global Handset Demand Consumer Survey. Additionally, our research leverages UBS' global technology expertise across networking, PCs and smartphones.