Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


$23 billion says high-tech is smart business in New Zealand

$23 billion says high-tech is smart business in New Zealand – Media release

19 March 2013

High-tech goods and services from New Zealand’s information and communication technology (ICT) sector are worth almost $23 billion, Statistics New Zealand said today. While this marks a $3 billion increase over just two years, one of the underlying stories is that more and more goods these days count as ‘information and communication technology’.

Today, high-tech goods include much more than just computers and smartphones, and perhaps the most subtle changes can be found in the home. Many common devices are now intelligent machines: washing machines and driers, Blu-ray players and TVs, even our toasters and kettles are now driven by smart technology.

“The challenge is to keep pace with how quickly the definitions and perceptions of these technologies change,” said ICT manager Hamish Hill. “Each time we’ve run this survey, we’ve had to include more businesses from increasingly diverse industries. We're seeing new smart products and online services being offered all the time.”

This said, the traditional areas of ICT continue to grow. New Zealand businesses received $5.8 billion in computer and phone sales in the 2012 year; $800 million more than two years ago. Sales of Internet connections also rose sharply, up 44 percent to $1.3 billion.

“Some of this may appear contrary to expectations, since the cost of many of these high-tech goods have gone down over the same period. The fact is, more people are buying these items and getting connected. They have become a necessary part of life,” Mr Hill said.

These results indicate total sales by New Zealand businesses, and include household and business purchases. They come from the Information and Communication Technology Supply Survey: 2012, which also includes information on exports and industry breakdowns. More detail on both household and business consumers will be available in April in the Business Operations Survey: 2012, and the Household Use of Information and Communication Technology: 2012.

ENDS

For more information about these statistics:
• Visit Information and Communication Technology Supply Survey: 2012

• Open the attached files
http://img.scoop.co.nz/media/pdfs/1303/ICTSupplySurvey12.pdf

http://img.scoop.co.nz/media/pdfs/1303/ictss2012tables.xls

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Company Results: Air NZ Rides The Tourism Boom With Record Full-Year Earnings

Air New Zealand has ridden the tourism boom and staved off increased competition to deliver the best full-year earnings in its 76-year history. More>>

ALSO:

New PGP: Sheep Milk Industry Gets $12.6M Crown Funding

The Sheep - Horizon Three programme aims to develop "a market driven, end-to-end value chain generating annual revenues of between $200 million and $700 million by 2030," according to a joint statement. More>>

ALSO:

Half Full: Fonterra Raises Forecast Milk Price

Fonterra Co-operative Group Limited today increased its 2016/17 forecast Farmgate Milk Price by 50 cents to $4.75 per kgMS. When combined with the forecast earnings per share range for the 2017 financial year of 50 to 60 cents, the total payout available to farmers in the current season is forecast to be $5.25 to $5.35 before retentions. More>>

ALSO:

Keep Digging: Seabed Ironsands Miner TransTasman Tries Again

The first company to attempt to gain a resource consent to mine ironsands from the ocean floor in New Zealand's Exclusive Economic Zone has lodged a new application containing fresh scientific and other evidence it hopes will persuade regulators after their initial application was turned down in 2014. More>>

Wool Pulled: Duvets Sold As ‘Premium Alpaca’ Mostly Sheep’s Wool

Rotorua business Budge Collection Limited (Budge) and sole director, Sun Dong Kim, were convicted and fined a total of $71,250 in Auckland District Court after each pleading guilty to four charges of misrepresenting how much alpaca fibre was in their duvets. More>>

Reserve Bank: Labour Calls For Monetary Policy To Expand Goals

Labour's comments follow a speech today by RBNZ governor Graeme Wheeler in which Wheeler sought to answer critics who variously say he should stop lowering interest rates, lower them faster, or that inflation-targeting should no longer be the primary goal of the central bank's activities. More>>

ALSO:

BSA Extension And Sunday Morning Ads: Digital Convergence Bill Captures Online Content

Broadcasting Minister Amy Adams has today announced the Government’s plans to update the Broadcasting Act to better reflect today’s converged market... The Government considered four areas as part of its review into content regulation: classification requirements, advertising restrictions, election programming and contestable funding. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news