Nevertheless, the company's focus on innovation of product portfolio across both the segments is evident from growing research and development (R&D) spending. This continues to be a key catalyst. Moreover, the company remains confident on portfolio strength, efficient manufacturing strategies and optimized capital allocation in growth areas. Additionally, Texas Instruments continues to increase investments in the automotive and industrial markets which are anticipated to yield good returns. End-Market in Detail Texas Instrument's revenues were down by upper-single digit in the industrial and automotive market. This can be attributed to softness in demand environment. It also affected the company's presence in personal electronics market where revenues were down by low-double digits. Further, the company witnessed sluggishness in the communications equipment and enterprise systems market during the reported quarter.