Gartner cuts global IT spending growth forecast in half as PC sales slump

Slowing PC sales forced market research firm Gartner to cut its forecast for 2013 global IT spending growth in half. The company announced this week that spending is on pace to increase 2% year-over-year to $ 3.7 billion. It had previously predicted growth of 4.1% for a total of $ 3.8 billion in spending, however “recent fluctuations in U.S. dollar exchange rates” and poor PC sales forced the firm to reduce its forecast. IT spending on devices has taken the biggest hit this year. The firm had expected device sales to grow 7.9%, however the decline of PC sales continued in the second quarter and Gartner now estimates sales will grow only 2.8%. The company notes that while new devices will hit

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