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Global tech spending estimated to fall 2 per cent

  • Global technology spending is expected to decline 2 percent to $950
    billion in 2016, an official said ahead of the opening of CES 2016, the annual global
    gadget event in Las Vegas, the
    Associated
    Press
    reported.
  •  
  • Blame falling prices for smartphones, TVs and laptops and weak
    • Global technology spending is expected to decline 2 percent to $950
      billion in 2016, an official said ahead of the opening of CES 2016, the annual global
      gadget event in Las Vegas, the
      Associated
      Press
      reported.
    •  
    • Blame falling prices for smartphones, TVs and laptops and weak
      economic growth in places like China, he said. All that is putting a damper on
      growing categories like wearable fitness bands, smart home devices and drones.
    •  
    • Steve Koenig, the Consumer Technology Association’s director of
      market research, announced the grim forecast at the opening press briefing at
      CES, which officially kicks off today.
    •  
    • Among other headwinds are the strong dollar, which makes devices
      sold in other currencies seem worse. The CTA’s forecast is calculated in U.S.
      dollars.
    •  
    • Another big forecast is that tablets are being squeezed out of the
      market, as smartphones come with larger screens and convertible laptops act
      like tablets when detached from their keyboards.
    •  
    • Global unit sales of tablets are seen falling for the second year in
      a row, to 176 million units from 192 million last year. The peak was in 2014
      when 224 million tablets were sold, the
      AP
      report said.
    •  

     

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