Gartner: Cuts 2014 global IT spending forecast to $3.7T, +2.1% y/y (-2.6% from prior forecast of $3.8T); prior growth forecast was 3.2% - US financial press
- Cites lower data center systems growth for revised outlook
- Cuts data center system spending forecast to +0.4% (cites lower-cost storage options in the cloud and move away from higher end server systems)
- Now sees device spending growth at 1.2% (cites mobile price cuts)