Items tagged with spending
A million dollars isn't cool. Do you know what's cool? Try $3.8 trillion, which is how much market research firm Gartner anticipates will be spent around the world on IT in 2014 (Gartner was equally optimistic last year). If that proves to be accurate, it would represent a 3.2 percent jump compared to what was spent in 2013 on IT services and personnel. "Globally, businesses are shaking off their malaise and returning to spending on IT to support the growth of their business," said Richard Gordon, managing vice president at Gartner. "Consumers will be purchasing many new devices in 2014; however, there is a greater substitution toward lower cost and more basic devices than we have seen in prior...
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Between the recent eBook Reader price war that broke out, the flurry of tablets just around the corner, and the recession finally starting to let up, you would think this holiday shopping season is gearing up to be busier than ever. You'd also be wrong, according to new data by market research firm The NPD Group. The NPD Group just finished its ninth annual survey of consumers' holiday spending interests, and if you're a retailer banking on strong sales for the holidays, go ahead and stop reading now. Almost a third (30 percent) of respondents said they plan to spend less this year than last. Just 9 percent said they plan to spend more, which is down from 11 percent in 2009. "Even though the...
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In need of some good news for your weekend? Try this on for size. With the economy on the rebound, many analysts are looking to the consumer electronics sector to see if disposable income is once again being spent on new PCs and other gadgets that we could probably live without, but would rather not. After Microsoft, Intel and just about everyone else suffered less than ideal quarters throughout 2009, we've seen some rather glowing reports from the earnings front this year. And now, the Consumer Electronics Association (the same trade group that organizes CES each year) is estimating that spending on consumer electronics will be quite lofty in 2010. How lofty? Recent reports of positivity around...
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There's great news all around coming from the Consumer Electronics Association, which has just published an annual report on American spending in the world of consumer electronics. Without a doubt, 2009 was a rough year for most, and while technology didn't suffer too bad in the grand scheme of things, pains were still felt. Many experts assumed that 2010 would be the start of a real spending turnaround, and according to these figures, that's exactly what is happening. According to the CEA, the average U.S. household spent $1,380 on consumer electronics (CE) products in the past 12 months, an increase of $151 from last year. The average household spent 12 percent more on CE devices in the past...
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If there was any doubt that the U.S. economy is hurting, taking a gander at today's financial news should sober you up quickly: Lehman Brothers filed for bankruptcy, and Bank of America is bailing out foundering Merrill Lynch. If you are not an investor, you might ask why you should care and what does this have to do with technology. The state of the economy is as much a reflection on actual financial circumstances as it is a perception of today's and tomorrow's financials. This means that what people and companies purchase and who companies hire and who they lay off are all based at least in part on what they think the future holds. We've been hearing for months that companies will be reducing...
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I'm not one to toot my own horn typically (well OK, maybe just a little) but this article over at ZDNet speaks volumes about our little "community" here on the net. We've been growing in leaps and bounds at HotHardware.com and like the technology we cover, so has the online industry, your influence on technology and your buying power..."Tim Armstrong, Google's advertising sales vice president, said in an interview before the Reuters Media and Advertising Summit that 2005 marked the turning point when advertisers switched from testing to investing in the decade-old medium. "There is robust interest in online advertising and that interest is now turning into real dollars," Armstrong...
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