The global technology industry experienced a 29% drop in company filings mentions of batteries in Q3 2023 compared with the previous quarter, with the highest share accounted for by Analog Devices with 6700% year-on-year increase, according to GlobalData’s analysis of over 217 technology company filings. GlobalData’s Technology: Filings Trends & Signals Q3 2023 report delves into earnings call transcripts and quarterly reports within the technology industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
Notably, batteries was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of metaverse and individualism & expression, according to GlobalData.
Of the top leading companies in the technology industry, Analog Devices had the greatest increase in references for batteries in Q3 2023, compared with the previous quarter. GlobalData identified 68 batteries-related sentences in the company's filings - 2% of all sentences - and an increase of 6700% in Q3 2023 compared with Q3 2022. Sony Group’s mentions of batteries dropped by 6% to 17 and Emerson Electric’s by 1500% to 16 and Samsung Electronics’s by 7% to 13 and American Tower’s by 8% to 12.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for batteries in Q3 2023 was 87.
For further understanding of GlobalData's Technology: Filings Trends & Signals Q3 2023, buy the report here.