Projections from those who have more money than God…

For some in tech it would seem that the recession is nonexistent in 2009. Apple’s profits rose 15% and revenues were up 12%. Apple feels they could have done better the company “can’t make Macs and iPhones fast enough.”

Unfortunately for other companies the outlook is not so bright currently but there is hope for increased consumer spending in the coming months. Intel and Texas Instruments both reported better than expected earnings, and they are expecting greater demand this year.

Paul Otellini, CEO of Intel said that between April and June chip demand was on the rise, he claimed that “Overall consumption is recovering,” he said.

As prices of tech gadgets are on the decline consumers are more prone to purchase. People are finding jobs and thigns aren’t as tough. However, I wouldn’t hold your breath Otellini and Jobs- nothing is a guarantee.