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IDC cuts IT spending forecast on mobile slump, emerging market uncertainty

2014-05-19 13:29:45| InfoWorld: Top News

A slowdown in the growth rate for tablet and mobile phone sales and economic uncertainty in emerging markets are putting a damper on global IT spending, according to IDC. Worldwide IT spending will increase 4.1 percent in constant currency this year, to $3.7 trillion IDC said Friday. That's down from last year's 4.5 percent growth and from IDC's prior forecast of 4.6 percent growth.

Tags: market mobile spending emerging

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