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Bosch posts record revenue, but IoT shipments up only 37% to 52mn

Perhaps we’re too far removed from the conventional financial analyst community, but if Bosch’s results are indicative of growth in the rest of the IoT, we are a long way behind expectations. Growing unit sales in most divisions by 37% would normally be good news, but for a titan of industry, annual sales of 52mn internet-connected things seems most disappointing. If the big guys like Bosch are barely scratching the surface of those multi-billion device predictions, what hope have the minnows. This isn’t to say that Bosch’s results are disappointing. For any firm, growth in the past year would be a good outcome, given the lingering trade disputes between the two economic superpowers, the impact of Brexit and GPDR in…

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