Consumers and businesses around the world will pour $2.1 trillion into technology in the coming year, up about 5.0% from 2013. That’s according to IT research firm IDC, which released its 2014 tech sector forecast on December 3.
The closely watched report also revealed a range trends that will shape the industry in the next 12 months. Below, we’ll drill down into two of them and look at some companies that are positioned to profit. Tomorrow we’ll examine two more.
Tech Stocks “Well Positioned to Outperform”
As Investing Daily Managing Director John Persinos pointed out in a July 5, 2013, Personal Finance articlethe collapse of the tech sector in 2000 still preys on many investors’ minds, leaving them with the impression that all tech stocks are high-risk and volatile.
“But the fact is, the best technology companies are well positioned to outperform over the long haul,” wrote Persinos. “Their muscular financial shape and full product pipelines will hold them in good stead as global growth gathers steam.”
Continue Reading at InvestingDaily
— Investing Daily