Tech Recovery Coming to an End?
Posted on April 4, 2005
The tech recovery, underway since 2001, may be slowing, stalling or ending. Recent surveys and forecasts indicate a slower pace for future tech growth. The sales of cell phones are expected to slow as many consumers already own them -- which is why you are seeing the industry starting to focus more on selling cell phones to teenagers and children. Despite the weaker forecasts there are still hot tech areas such as gaming, HDTVs and DVRs. The USA Today writes:
Tech grew fast as it clawed back from the dot-com bust of 2001. Some markets, such as cell phones, topped 20% growth a year. The industry is still growing, but not at that rate, tech analysts say. Corporate tech buyers surveyed by CIO magazine in March said they expected to increase spending by 6.4% in the next 12 months. That's down from 7.3% in March 2004, the magazine said Friday.