The second is the recovery of PC and smartphone end demand in 2025, with more emphasis on the former. PC and smartphone recovery is crucial for MU to boost unit sales. Management has the following outlook on each market for the year - "PC: Unit volumes remain on track to grow in the low single-digit range for CY24," and smartphone: "Mobile: Smartphone unit volumes in CY24 remain on track to grow in the low-to-mid single-digit percentage range." We do believe the inventory correction cycle for both markets i ...