Demand for Corporate IT products and services are collapsing amid down economy
ChangeWave analyst Paul Carton recently posted an alarming piece on the collapse of U.S. corporate IT spending, based on a survey the market research firm conducted early November.
The latest corporate IT purchasing survey shows an accelerating collapse in U.S. business spending that has reached historic proportions – with record pullbacks occurring both in the current 4th quarter and going forward.
Simply put, the IT spending projections for 1st Quarter 2009 are abysmal – the worst ever for a ChangeWave survey dating back to 2001.
In short, the current ChangeWave survey findings virtually guarantee that we’ll be seeing the technology sector get hammered with pre-announcements before the January earnings season gets underway.
The only good news in this grim picture is the corporate smartphone market, where future purchases are dominated by RIM Blackberry devices, followed by the Apple iPhone 3G and then Palm Treos.
The corporate smart phone market and found it’s actually showing growth. That is – 35% of respondents report their company plans to buy smart phones next quarter, up 1-point from August.
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