Tech company failures and mergers will leave the industry with a low two-digit percentage (maybe 25%) of the total number of companies now in existence.

科技公司的破产和合并，将会使这该行业现有公司总数的较低两位数百分比例(可能是25%)的公司残存。

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Xbox, PlayStation and Wii continue to top holiday wish lists this year. But while electronics remain popular, a low tech corner of the game industry is also doing well.

PS和Wii今年仍然占领着“最想得到的节日礼物”榜首位置，而在这些电子产品持续风靡的同时，一种低科技水平的游戏产业也悄然盛行。

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Relying as it does on low-wage, low-skilled migrant workers from South Asia, Singapore’s construction industry is not yet ready for such a high-tech transformation.

新加坡的工业依靠从南亚进口的低薪低技术的工人，目前还没有做好向高科技转变的准备。

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Now, the relatively low-tech industry of stitching clothes together is getting that same boost.

WSJ: Sewing Machines Go High-Tech

Hi-tech, high growth, low carbon, this is exactly the kind of industry ministers are desperate for.

BBC: Vince Cable opens Bristol carbon fibre research centre

This explanation would be bad news for proponents of market efficiency, but would be consistent with the picture of overall stagnation in the VC-funded part of the tech industry, since the driver of low returns would still be the limited number of good new tech ventures.

FORBES: Does Venture Capital Actually Make Any Money?