NEW YORK (AP) -- Research firm Gartner Inc. has lowered its global technology spending growth forecast because of the sluggish economy and the euro crisis.
Gartner Inc. said Thursday that the computer hardware sector will be the hardest hit, hurt by supply constraints in the hard disk drive industry. Floods that have left one-third of Thailand under water upended hard-drive production in the country -- a major manufacturing hub for the industry.
Gartner says it now expects worldwide spending on technology to grow by 3.7 percent this year, to $3.8 trillion. That's down from its earlier forecast of 4.6 percent growth.
In 2011, global tech spending grew 6.9 percent from the prior year, to $3.7 trillion.
KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.
If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.powered by Disqus
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.