Immediate outlook for technology spending bleak

Recessionary conditions in the West are impacting consumer spending on technology and emerging markets will take some time to compensate, according to CLSA's Nicolas Baratte.

Tablets, a growth item AFP

Overall consumer spending on technology after the financial crisis has been flat, resulting in an overhang of inventory for manufacturers at the end of the second quarter this year. As is the case for a number of industries, emerging markets are the only bright spot with consumer spending staying flat or, in select cases, increasing. The total technology spending in emerging markets has climbed...

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