spending

JPMorgan cuts 2013 forecast for IT spending

IT spending is likely to be even lower this year than initially expected but should start to revive in 2014, according to JPMorgan Chase.

An new estimate in a report released Thursday by JPMorgan Chase analyst Mark Moskowitz calls for growth in IT spending of just 0.6 percent this year. That's down from the previous forecast of 1.2 percent.

Moskowitz expects businesses to spend less on IT hardware, which accounts for a huge part of the lower estimate. Companies have been shifting more of their cash away from traditional computers toward mobile devices.

Moskowitz now expects spending … Read more

Apple boosts R&D spending

Apple is increasing its research and development spending and is now at 3 percent of revenue compared with 2 percent in recent years.

The R&D spending was detailed in Apple's quarterly 10-Q filing with the Securities and Exchange Commission. As Apple's sales have ramped, the company hasn't been able to increase its R&D spending. As a result, Apple's R&D spending as a percentage of revenue was in line with what Dell and Hewlett-Packard spend.

Apple CEO Tim Cook obviously sees the discrepancy. He should, since Cook was a former IBMer. … Read more

Gartner: Worldwide IT spending to hit $3.8 trillion in 2013

Worldwide spending on IT is set to grow to new highs this year and next, according to a new study from research firm Gartner.

Total IT spending last year hit $3.6 trillion, Gartner said, representing a 2.1 percent gain over the prior year. In 2013, that spending will go up to $3.8 trillion, a rise of 4.1 percent. Things will get even better for the IT sector in 2014, when spending, according to the research firm, is expected to hit $3.9 trillion.

The big growth this year will come by way of device purchases, driven … Read more

E-commerce spending hits $1 trillion for first time

For the first time ever, worldwide e-commerce sales exceeded $1 trillion, according to new data from research firm eMarketer.

The first $1 trillion mark was reached in 2012, with sales up 21.1 percent from the previous year, according to eMarketer. The company said that it expects e-commerce sales to grow this year by 18.3 percent to end 2013 at $1.3 trillion in worldwide sales.

In addition, the company expects North America to lose its position as the leading e-commerce market to the Asia-Pacific region. Last year, Asia-Pacific's share of total e-commerce spending was 30.5 percent, … Read more

'Fiscal cliff' fears blamed for flat online holiday spending growth

Growing fears of an impending economic crisis in the new year apparently led to weaker-than-expected U.S. online holiday sales results.

Consumers spent $42.3 billion online during the November-December holiday shopping season, a 14 percent increase over 2011, according to data released today by ComScore. While online shopping set some spending records, overall growth was largely flat, the market analyst concluded.

"This year's growth rate is essentially on a par with last year's," ComScore Chairman Gian Fulgoni said in a statement. "But despite many positives for the online sector, this year's season did … Read more

Gartner: Global IT spending to hit $3.7 trillion in '13

IT spending around the world is likely to hit $3.7 trillion for the coming year, according to a report out today from Gartner.

The latest projection calls for an increase in spending of 4.2 percent in 2013, an improvement over Gartner's 3.8 percent estimate from last year's third quarter.

But the rise will mostly derive from growth in the value of foreign currencies versus the dollar, the research firm said. With that piece out of the picture, the actual gain would be around 3.9 percent.

"Uncertainties surrounding prospects for an upturn in global … Read more

How to set a monthly iTunes allowance for your kids

There are plenty of iOS devices on holiday wish lists this year. Which means there's bound to be plenty of iOS devices under trees, waiting for anxious kids to unbox and begin using them.

On the other side of those iOS devices are parents, like you, trying to figure out how to limit the amount of spending on games, apps, books music and movies their kids (or perhaps themselves) can do in iTunes.

Today I found a feature in iTunes I didn't know existed; the ability to set up a monthly iTunes allowance for specific Apple IDs. Brilliant! … Read more

Online holiday spending rings up $21 billion so far

Holiday cybershoppers in the United States have opened up their wallets to the tune of $21.4 billion so far, a 14 percent gain over last year, according to ComScore.

Measuring from November 1 through December 2 -- the first 32 days of the 2012 holiday-shopping season -- ComScore found that more people are buying online. Stats showed a 9 percent rise in the number of buyers to 128.7 million.

People are also freer with their hard-earned dollars. The average online consumer has so far spent $159.90, a gain of 5 percent from last year. Specifically, the amount … Read more

Cyber Monday becomes Cyber Week

Monday's CNET Update comes with free shipping:

With a surge in online shopping on Thanksgiving and Black Friday, why call it Cyber Monday anymore? Online sales for Internet retailers surpassed $1 billion for the first time on Black Friday. With early online deals, next year you can avoid a Walmart store battle over phones.

Also in today's roundup, we're keeping an eye on top online retailers and sales this week. Amazon is always the top destination for online deals, but shoppers are also heading to eBay and Shopify. And there's more shopping being done on mobile … Read more

Apple R&D spending up nearly 40 percent in 2012

Apple increased the amount it spent on research and development during 2012, though it remained a fraction of its overall spending.

According to the company's annual report, which was filed with the U.S. Securities and Exchange Commission this afternoon, Apple spent $3.4 billion on research and development during its fiscal year, up $952 million, or 39 percent from last year. The year prior, the company spent $2.4 billion, up $647 million or 36 percent from the year before.

While the cost went up, the amount Apple spends on R&D versus its overall sales remained … Read more