What sort of companies are going to have good years in 2014? According to a recent story by USA Today, technology companies are positioned to enjoy a big and successful 2014. The story also says that the tech sector will continue to be one of the most profitable.
A money-making industry
According to USA Today’s story, 2014 really should be an exceptional year for tech companies. The paper, using data from FactSet, a firm that compiles Wall Street earnings reports, states that these companies should see their net incomes rise by an average of 9.3 percent in 2014. That’s a lot better than in 2013, when tech firms only saw their net incomes rise by an average of 1.9 percent.
The USA Today story also stated that tech companies will remain among the most profitable in the United States. These companies should enjoy a profit margin of 15 percent to 16 percent in 2014, according to the USA Today story. That's an extremely healthy profit margin.
A tech love affair?
This success really should not be surprising. Today's consumers are obsessed with their tech gadgets. And this is a long-time trend. Just look at how popular tablets and smartphones are becoming. Video-game systems remain hot sellers. And tech companies are evolving and updating their offerings on a almost constant basis. Tech is definitely king today.