This quarterly global snapshot of activity in the technology sector highlights trends, business challenges and opportunities. In this edition we review the third calendar quarter of 2013.
The tech industry continues to be a tale of two sectors. While PC shipments are now forecast to drop 10.1% for the year---the worst fall on record---smartphone sales saw a jump of 39.9% year over year. Overall, the news is good, however, with tech spending on course to increase by 4% this year, down only 1% from last year's growth. The drop is mainly due to the continued slowdown in key emerging markets, including China and Russia.
Despite sluggishness in the first half of the year, M&A activity picked up in Q3'13, putting technology on an upward trajectory for the fourth quarter. Deal volume increased by 97% to 63 deals in the third quarter while deal value increased 100% to US$27.7bn.
Detailed financial information can be accessed by clicking on the "explore tool" on the home page at www.pwc.com/techscorecard.