Or in other words...
The total spend on IT products and services was $3.5 trillion; which if it were a single country, would make IT the fifth largest country economy in the world.
Some $216bn less was splashed on tech goods and services last year versus 2014 – the equivalent to ten per cent of UK GDP, or, if you prefer, almost three times the size of the output of Oman. This is the preliminary findings from Gartner mages, who told us the drop in spending to $3.52 trillion was the sharpest decline since …
Business IT spending will do well in 2016, as "cloud" and "private cloud" continues to be the moment's hype terms (oh, look, the leased client-server model has made a comeback, only with a different spin! What a surprise!)
Consumer IT spending, on the other hand, will continue to fall flat on its face. Tablet sales are falling and will continue to fall, due to lack of perceived upgrade necessarily from currently satisfied owners; high-end phones sales will continue to suffer a hit from the very same reasons, and, most importantly, Windows 10 will continue to have doubt in user's minds due to unproven alterations plus the backlash of the seemingly-forced upgrade procedure, thereby causing consumer computer upgrade spending to collapse.
And now, we sit back and watch the fireworks.