Cautiously optimistic outlook for tech sector

Some industry analysts are advocating caution, pointing to the smartphone and personal computer segments which underwent inventory adjustment cycles earlier this year, with sales growth being supported by inventory clearances instead of new orders.

AS with most other industries, the performance of the technology sector moving into 2023 and beyond will hinge heavily on what unfolds on the worldwide macroeconomic stage, particularly in terms of what the US Federal Reserve (Fed) will do as well as China’s much-delayed reopening.

Closer to home, we are also expecting a re-tabling of Budget 2023 under the new administration to ascertain whether it would be one that would be conducive to growth for technology.