In the past month we have seen Apple’s stock sink to its lowest level in years, Microsoft announce a 5,000 person job cut, and Sony report their biggest ever loss in a single year. The last quarter of 2008 was a let-down for both brick-and-mortar and online retailers. What does this mean for you as a consumer in 2009?
The average consumer makes a major tech purchase every six to twelve months. The current economic crisis has everyone seriously looking at cost vs. benefit on their next round of purchases. They will be asking themselves if a new computer is absolutely necessary or should they be simply updating components, such as memory. Do they really need a full blown laptop or will a netbook meet their needs? Do they purchase now or adopt a “wait and see” attitude?
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With a 10% drop in Apple shares [after Steve Jobs announced his step down through June], it’s painfully obvious that the smart investor is keen to the problems surrounding his exit. Or for that matter — any CEO’s exit.
Losing the quarterback, the innovator, the game saver of the #1 ranked company on FORTUNE’s top 50 list — could it end up being a recipe for disaster?
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