Register   |   Print Page   |   Contact Us   |   Report Abuse   |   Sign In
News & Press: Colorado Technology Industry

US April IT Sales Have Surpassed The Peak Levels Prior to The Recession

Friday, May 28, 2010   (0 Comments)
Posted by: Su Hawk
Share |

GTDC: IT Sales Through Distribution Surpass Pre-Recession Peak
By Scott Campbell, CRN

3:16 PM EDT Thu. May. 27, 2010 April IT sales through distribution in the U.S. have surpassed the peak levels prior to the recession of 2008-09, according to the Global Technology Distribution Council.
"Things for the IT industry are definitely looking up. There are a lot of positives: new products, new vendors, new technologies. There are also some clouds that could disrupt things, such as the continuing housing problem, the Euro, the Gulf oil crisis. There’s no guarantee the future will be bright, but technology is an indicator that companies are investing,” said Tim Curran, CEO of the GTDC.
April 2010 sales through distribution were 27 percent higher than last year and also higher than April 2007 and 2008, Curran said.

Especially encouraging is that IT growth is occurring in business products as well as consumer electronics products, two groups that often have disparate spending trends.

From the peak [prior to the recession] to the trough, IT has sprung back.

"Color televisions through distribution are up 100 percent since the downturn. Audio products are up 100 percent. Video products are up 114 percent,” Curran said. "On the business side, notebooks are up strongly and clearly mobility and productivity products are strong. The storage market is strong as people have greater and greater storage needs.”

The NPD Group Distributor Track shows desktop and notebook categories up more than 25 percent in the U.S. from lows reached in the first quarter of 2009, according to the GTDC. Storage and networking sectors each accounted for than $4 billion in annual U.S. sales, and were up 23 percent and 28 percent, respectively, according to Curran.

Read the full story or check out ChannelWeb e-newsmagazine.

Association Management Software Powered by YourMembership  ::  Legal