Worldwide semiconductor revenues decreased by 2.2% year over year to $295 billion in 2012, according to the latest version of the International Data Corporation (IDC) Semiconductor Application Forecaster (SAF). The industry witnessed a slowdown during the second half of 2012 on weak consumer spending across PCs, mobile phones, and digital televisions (DTV), as well as in the Industrial and other market segments. The European economic crises and a slowdown in China also had an impact on global demand while the lackluster launch of Windows 8 failed to stimulate PC sales and turn the tide. Meanwhile, competitive suppliers from China continued to pressure average selling prices, dragging down overall revenue growth. IDC expects the semiconductor market to return to growth in 2013 with revenues forecast to increase by 3.5% this year.