The Top 10 Most At-Risk Industries in the US
Although an expected uptick in the economy may support some of these industries in the coming year or two, the long-term forecast looks gloomy.
Going the way of the floppy disk's recycled existence as an ironic art statement is the recordable CD and DVD. Our state-of-the-art lives now revolve around clutter-free content -- whether we're watching videos on YouTube (NASDAQ:GOOG), streaming movies from Netflix (NASDAQ:NFLX), tuning into Internet radio on Pandora (NYSE:P), or listening to digital music files on the now-seemingly-ancient iTunes (NASDAQ:AAPL).
In addition, as conventional businesses are increasingly turning to cloud computing for IT services, so goes the need for physical software.
The film industry is recordable media's last hope since studios continue to profit heavily from movie sales in DVD format. In particular, 3-D films, with file sizes too large to stream, will help drive demand for the optical disc.
Still, Hollywood alone can't stop the industry's five-year projected freefall of 3.9% to $3.2 billion.
It will take a new runway rage of these beauties to keep recordable media from the brink. Ah, but who are we kidding? They'd be manufactured in China anyway.
(See also: The Top 11 Fastest-Growing Industries)
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2011 Minyanville Media, Inc. All Rights Reserved.