If you opened the business pages during the early part of the 21st century, one was met with continuous good tidings related to the tech industry. Giants like Electronic Arts and IBM, as well as burgeoning startups like TaskRabbit and Lytro, gave investors and starry-eyed entrepreneurs high hopes for making big profits.
However, 2012 numbers were depressed for a number of otherwise outstanding tech giants. Moreover, startups like TaskRabbit, following the service trends of other tech brands in infancy, experienced low numbers and layoffs. 2013 numbers are not any better as layoffs and downsizing continue for a number of large and small tech brands.
To give a real-to-life example, Research in Motion, the providers of the Blackberry smart phones, suffered a loss of over $80 million in 2013’s first quarter. Financial fate of the company is expected to decline as investors and leaders scramble to reverse the misfortune of the once Goliath-like brand.
Is 2013 the beginning of the end of a once-profitable era for the tech industry? America’s Bureau of Labor foresees a different trend for the tech industry. The Bureau estimates the tech industry will experience a 22% increase in new employees by the year 2020. But, the following information presages a difference story. See what major brands are experiencing larger problems.