Thursday, January 15, 2009

Tech Industry’s Dealing with the Ailing Economy

What remains the major challenge now for the tech industry is marketing their products amid the severe economic turmoil.

The industry seemed to resist the economic slowdown, but finally had to succumb to it.

People were crazy after buying hi-tech gadgets till they realized in what condition they are. Now they have to deal with pending bills, finding new jobs (or at least source for income), and avoid foreclosure.

While videogames, market seems to do well, what about other industries?

I am not ready to buy even a hundred dollars for a new laptop. It doesn’t make sense if I bought it with my pending credit card bill.

The situation is similar with many people.

The major step the tech companies took to cope up with the situation is lay-offing employees as many as they can. And the rest we know.

They have to come up with ideas like “loan for buying a digital camera”.

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