AppleInsider claims that following Adobe's withdrawl from exhibiting at Macworld San Francisco, both Belkin and Seagate will also not be exhibiting. Belkin historically has been one of Macworld's biggest exhibitors. Quote: The move is deemed especially surprising for Belkin, which has not only been one of Macworld Expo's largest exhibitors in the past but is believed to have already paid for its booth space this year, people aware of the situation say. Meanwhile, Google is said to be downsizing their booth size as well as well as a couple of other unnamed vendors.

While the worsening economy is cited as the likely reason, much of the cost for the spaces have reportedly already been collected. Regardless, as a result, they expect Macworld 2009 to be a smaller show than last year. MacRumors, of course, will be present to provide coverage of the show. Apple is expected to introduce new products at the event which kicks off on January 5th, 2009.

Article Link: More Vendors Downsizing or Withdrawing from Macworld SF 2009

pimg class="float_right" src="/~~/f?id=48bbe52e14b9b99f00f1b34fmaxX=322maxY=226" border="0" alt="steve-jobs-hand-on-chin.jpg" title="steve-jobs-hand-on-chin.jpg" width="322" height="226" /Even Apple (AAPL) isn't going to make it out of this recession unscathed. So one of Apple's most vocal bulls, Piper Jaffray analyst Gene Munster, trimmed his 2009 Apple revenue estimate today./p pMunster assumes that the company will have a tougher time selling its Macs and iPods in a lousy consumer spending environment than in a normal one. He's probably right./p pSpecifically, Munster thinks Apple will report $38.86 billion in fiscal 2009 revenue, down from his previous estimate of $40.45 billion, which was Wall Street's highest, a href="http://finance.yahoo.com/q/ae?s=AAPL"according to Yahoo Finance/a. That represents 20% year-over-year revenue growth, down from his previous estimate of 25% year-over-year revenue growth. (It's still above consensus; Wall Street expects $37.23 billion, or 15% growth.)/p pimg class="float_right" src="http://static.10gen.com/www.alleyinsider.com/~~/f?id=493861ef796c7a3400e7bf44" border="0" alt="apple-fy09-sales-pjc.gif" title="apple-fy09-sales-pjc.gif" width="400" height="340" /strongBut he really expects Apple's sales to grow even slower -- only 9%./strong Why? Because a big chunk of Apple's fiscal 2009 sales are already in the bank -- revenue that, for one reason or another, has been deferred. For example, Apple spreads its iPhone and Apple TV revenue over two years so it can provide its customers free software updates./p pAt the end of fiscal 2008, Apple said it had $4.85 billion of "current" deferred revenue, which will be recognized in fiscal 2009./p pThat means to get to Munster's fiscal 2009 revenue estimate of $38.86 billion, Apple only needs to book $34.01 billion of "new" revenue. (Similarly, to get to the $32.48 billion of revenue that Apple reported for fiscal 2008, it only really needed to book $31.09 billion; $1.39 billion was deferred from fiscal 2007.)/p pstrongIf you remove deferred revenue from Munster's 2009 estimate and Apple's 2008 sales, Munster is really only expecting Apple's sales to grow by $2.92 billion, or 9.4% year-over-year, in fiscal 2009. /strongThat's much slower than in fiscal 2008, when non-deferred revenue grew 33% year-over-year from fiscal 2007. So his numbers -- and Wall Street analysts in general -- assume that Apple will get walloped.strong /strong/p pTo get there, Munster is counting on a strongslowdown in Apple's iPod business, matched with a modest uptick in Mac sales and sharp growth in iPhone sales/strong. Like Munster (and Steve Jobs), we have no idea how bad the economy will get next year, but these basic assumptions seem reasonable./p pstrongSee Also:/strongbr /a href="../../2008/12/a-99-iphone-at-walmart-why-not-aapl"A $99 iPhone At Walmart? Good Idea/abr /a href="../../2008/12/macworld-expo-recession"Macworld Expo Exhibitor Numbers Up, Registration On Track/abr /a href="../../2008/11/iphone-mac-software"Another Apple iPhone Advantage: Mac Software Companies/a/p pa href="http://feedads.googleadservices.com/~at/Sdx-iwUm3dw53wcQpCqLoq3TfR8/a"img src="http://feedads.googleadservices.com/~at/Sdx-iwUm3dw53wcQpCqLoq3TfR8/i" border="0" ismap="true"/img/a/pdiv class="feedflare" a href="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?a=DQFEDJQU"img src="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?i=DQFEDJQU" border="0"/img/a a href="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?a=0UkSDs2n"img src="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?d=52" border="0"/img/a a href="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?a=qrSW9Q0G"img src="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?d=80" border="0"/img/a a href="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?a=dhsZWkin"img src="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?i=dhsZWkin" border="0"/img/a a href="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?a=H1635YPY"img src="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?d=131" border="0"/img/a a href="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?a=9aQ8zZIA"img src="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?d=336" border="0"/img/a a href="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?a=xsSb3FeT"img src="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?d=41" border="0"/img/a a href="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?a=IOejukwm"img src="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?d=50" border="0"/img/a /divimg src="http://feedproxy.google.com/~r/typepad/alleyinsider/silicon_alley_insider/~4/UYSRb-2RwRM" height="1" width="1"/