Consumer Tech Spending to Pass $1 Trillion This Year
Consumer electronics sales are forecast to climb by 5 percent in 2012 and, as a result, exceed $1 trillion for the first time.
In 2011, revenues increased by 8 percent to $993 billion, a survey by GfK Digital World and the Consumer Electronics Association (CEA), stated.
According to GfK, smartphones will continue to elevate overall sales growth and there is hope that tablets will add a substantial chunk of sales this year. The 2011 sales volume was estimated at about $39 billion and 2012 will bring a "strong double digit increase" GfK said. "Today, consumers from every corner of the globe crave the latest tech innovations," said Steve Koenig, Director, Industry Analysis for Consumer Electronics Association. "Rising consumer demand for mobile connected devices underpins the growth in global retail sales of CE we’re projecting this year."
The survey was released on the Eve of CES 2012, which is expected to achieve near record levels of floor space, exhibitors and visitors. The show officially kicks off with Steve Ballmer's opening keynote at 6:30 pm PST tonight.
- AT&T Reveals PlayStation Vita Data Pricing, US Availability
- Next-Gen Wi-Fi Lands @ CES with 802.11ac Products
- Verizon Reveals Two Additional Droid Razr Models
- Verizon Finally Announces the Droid 4, Details Accessories
- Samsung Intros Wi-Fi Optical Drive for Streaming, Writing
- LG's New Cinema 3D Smart TVs Have 1mm Bezel
- A Quick Look At Fujitsu's Waterproof Arrows Tablet
- RIM Ships BlackBerry OS 7.1, Intros PlayBook OS 2.0
- Fructel Unveils Snap-on Game Controller for Smartphones
- MicroVision Takes Pico Projection to the Next Level
- Toshiba's 3D Smart TVs Include ARM Dual-Core CPU
- Escort Tablet-style Radar Detector for Nerdy Drivers
- 4G LTE-Enabled Samsung Galaxy Tab 7.7 Coming to Verizon
- LG Shows Off Its 84-inch Ultra-Def 3DTV
- Verizon's New Jetpack 4G LTE Service is Global-Ready
- Asus Announces $250 7-inch Tegra 3 Tab At Nvidia's CES keynote
- Nokia and AT&T Announce AT&T-exclusive Lumia 900
- Lenovo's IdeaPad Yoga Packs 360-Degree Flip/Fold Design
- Vidyo Demos Video Conferencing for the Kindle Fire
Adjusted for inflation (since even a few years ago), it's probably nowhere near that.
A few hundred billion here, a few hundred billion there
Pretty soon it begins to add up to real money
that's surprising in light of the uncertain economic conditions around the world
people don't care, they gotta keep up with the "Joneses"...
CES is pretty worthless in my opinion. I wonder how many people would actually go to this thing if it were held in Fresno or Akron. It's all about Vegas and pretending to care about electronics. Very few of the products announced actually mean anything to anybody and hardly ever succeed. Besides, they are not worth the cash advances taken by people to afford them. Here is a great keynote address from last year's CES by Khan Manka, Jr. in which he basically slams the conference and the people who attend it.
It is actually not that much or is the military spending on electronics not included ?
It is actually not that much or is the military spending on electronics not included ?
Last I checked military spending was not considered consumer spending.
CES is pretty worthless in my opinion. I wonder how many people would actually go to this thing if it were held in Fresno or Akron. It's all about Vegas and pretending to care about electronics. Very few of the products announced actually mean anything to anybody and hardly ever succeed. Besides, they are not worth the cash advances taken by people to afford them. Here is a great keynote address from last year's CES by Khan Manka, Jr. in which he basically slams the conference and the people who attend it.
All due respect, but who the hell is Khan Manka?
Yes I have looked but so far all I can tell is that he is a fake person, cretaed by John Perry and Chris Stengel to draw attention to a non-existant company.
So someone who doesn't exist has a pop at real people who buy real things from real companies.
...
You just lost the poular vote, dude.