Backing up Cisco's (CSCO) FQ1 CC comments about rebounding market demand, IDC estimates the...

|About: Cisco Systems, Inc. (CSCO)|By:, SA News Editor

Backing up Cisco's (CSCO) FQ1 CC comments about rebounding market demand, IDC estimates the Ethernet switch market grew 10.9% Q/Q and 6.1% Y/Y in Q3, thanks to a 27.8% Y/Y increase in Asia-Pac sales. Cisco's share of the market is estimated to have risen 270 bps Q/Q, to 66.5%; the company was hit hard in the first half of the year by competition and price pressure.