Gartner says tech spending to drop 6 percent

Jul 07, 2009

(AP) -- Research firm Gartner says worldwide spending on technology products and services is on track to decline 6 percent this year.

Gartner Inc. said Tuesday it expects tech to fall to $3.2 trillion this year, down from $3.4 trillion in 2008.

The drop is steeper than the 3.8 percent decline had projected for the year in March.

The decline is due to the and the rising value of the U.S. dollar against most currencies. That means purchases made in other currencies translate into fewer dollars for U.S. tech companies.

Last week, Forrester Research also lowered its global tech spending forecast, saying it expects the market to shrink by 5 percent, not the 3 percent it predicted in March.

Both firms are forecasting a recovery in 2010.

©2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Explore further: Judge approves $450 mn deal in Apple ebook suit

add to favorites email to friend print save as pdf

Related Stories

Report: Worst may be over for US tech market

Jun 30, 2009

(AP) -- As bad as the technology market fared in the first quarter of this year, the worst may be over, at least in the United States, Forrester Research said in a report Tuesday.

Record 12 pct drop for PC sales in 2009: Gartner

Mar 02, 2009

Sales of personal computers are expected to decline by 11.9 percent to 257 million units in 2009, the steepest drop in the industry's history, market research firm Gartner said Monday.

PC shipments slide in 1Q, HP tops Dell in US (Update)

Apr 15, 2009

(AP) -- Global shipments of personal computers fell 7.1 percent in the first three months of the year, but the decline was smaller than expected and research group IDC on Wednesday said the industry could turn around by ...

Mobile phone sales up six pct in 2008, 4th qtr weak

Mar 03, 2009

Mobile phone sales grew by six percent in 2008 over the previous year but fell nearly five percent in the fourth quarter as the global economy weakened, market research firm Gartner said on Tuesday.

Recommended for you

Dish restores Turner channels to lineup

20 hours ago

Turner Broadcasting channels such as Cartoon Network and CNN are back on the Dish network after being dropped from the satellite TV provider's lineup during contract talks.

'Call of Duty' blasts past $10 bn in sales

Nov 20, 2014

Blockbuster military shooter video game "Call of Duty" has blasted past $10 billion in lifetime sales, propelled by demand for the latest installment in the 11-year-old franchise.

Square's point-of-sale service goes global

Nov 20, 2014

Financial services startup Square is taking aim at cash registers across the globe, making its point-of-sale software available internationally in English, Spanish, French and Japanese.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.