Sponsored by T.Rowe Price®
Technological innovation, changing consumer tastes, and the evolution of new business models are upsetting the competitive balance in a growing number of global industries. We expect this wave of disruption to accelerate in 2018, to the benefit of a relatively small group of mega-cap companies that have created dominant technology platforms in industries such as e-commerce, social media, mobile devices, and Internet search. Barring unpredictable political or economic shocks, we expect earnings growth to continue in 2018; however, year-over-year comparisons will become more challenging.
