Today the technology industry brings in around $500bn worth of revenue each year and this still expanding! As we become more dependent on advancements in technology it offers a great investment prospect going forward.
Most investors
would remember the Tech boom in the mid to late 90s, this is when everything
really started kicking off and a mass investment into advancing tech products
was made. Since then we have seen
companies such as Google and Apple rise to become some of the biggest companies
in the world.
Unfortunately
technology doesn't stand still, as Apple has seen recently, with a gap until
their next product, many investors have become wary of future revenue
generation and subsequently the share price has fallen. The likes of Samsung have taken this
challenge in their stride. With a number
of avenues, their new Galaxy S4 phone has been released only 6 months since
their last.
Probably
the most famous company now is Apple, and it is worth mentioning. As one of the largest companies in the world,
their revenue growth has been second to none.
With as much cash as Poland it is hard to see this company disappearing any time soon. With many doubting their
future product line, it is only a matter of time before they produce another. With huge resources at their disposal, it is
definitely one to hold onto for the long term.
Technology
is as we all know very changeable, and when investing in such companies it is
important to have a diverse number from this sector. Encompassing some of the core companies
mentioned already I would recommend investing in AXA Framlington Global Tech,
which has been an excellent performer over the long term, or alternatively
Cavendish Technology.
For years
to come this sector will be hugely profitable and would be a good addition to any
portfolio.
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