What are the Causes of recession in information technology?

Answer 1

simply put, lack of foresight and economic maturity. technology has developed far faster than the buisness model surrounding it or the common users understanding of it, and so people lose sight of the fact that research requires a market backing it to progrss, so now new products simply arent being invested in because no one has even the faintest idea what the difference is, except the exceptional few who understand the growth curve.