CEA: Products, Innovation Boost Projections
MediaPost, 7/23/10
The U.S. consumer electronics industry will account for $175 billion in revenues this year, up 3% over last year’s spending, according to projections from the Consumer Electronics Association.
According to the CEA’s semiannual Consumer Electronics Sales and Forecast, the organization also expects industry revenues to increase another 4% in 2011 to $182 billion. The July forecast is an increase of $9 billion from projections the CEA made in January, when the organization projected growth of 0.3%. However, new products and innovations such as 3D TVs, smartphones, Blu-ray disc players, e-readers and categories such as tablet computers boosted those projections.
