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Wall Street Beat: Upbeat PC news boosts confidence in tech

Marc Ferranti | June 16, 2014
Sales have not been uniformly strong for IT, but there have been enough upbeat reports pouring in from vendor and market research companies to buoy overall confidence in tech.

That's important because a slowdown in the growth rate for tablet and overall mobile phone sales, together with economic uncertainty in emerging markets, are expected to put a damper on global IT spending. IDC said overall IT spending this year will increase 4.1 percent in constant currency to $3.7 trillion, a slowdown from last year's 4.5 percent growth.

On the online front, there was positive news for Internet companies this week. U.S. Internet advertising revenue reached $11.6 billion for the first quarter of 2014, up 19 percent year over year, according to a report from the Interactive Advertising Bureau (IAB) and PwC US.

"These Q1 revenue levels speak to digital's unique ability to identify the most relevant audience segments and deliver powerful results," said Sherrill Mane, Senior Vice President, Research, Analytics & Measurement, IAB.

 

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