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Tech could be recession proof

by

Sammy Abdullah

Marketplaces. Travel sites Priceline and Expedia also did well. One would expect these sites to take a big hit, but Priceline grew through the recession and Expedia’s hits were pretty slight (less than 10% YOY decline). Also, Groupon’s growth isn’t a typo; the recession is probably the best thing that could have happened for the couponing business.

TakeTwo. TakeTwo got absolutely crushed, but before you assuming gaming doesn’t do well in recessions, note that Q2 2008 results included significant sales of Grand Theft Auto 4, which launched at the end of Q2 of 2008.

Apple & Garmin. Apple grew through the recession as iPhone sales caught fire. Garmin had a pretty rough go, but that may be due to the Map app on iPhone as much as the recession.

sammy@blossomstreetventures.comhttps://blossomstreetventures.com/metrics/

Sammy Abdullah

Managing Partner & Co-Founder

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