July 18, 2011

Tablets, Smartphone Sales Could Reach Record High In 2011

The Consumer Electronics Association said on MOnday that more customers will buy tablet computers and smartphones this year than ever.

The leading industry trade group said that consumer electronics revenue will be driven to a record high of $190 billion in 2011.

The group said in a report released on Monday that tablet computer sales will reach 26.5 million units, resulting in $14 billion in revenue.

The new forecast said smartphone sales will increase by 45 percent to $23 billion.

"One year ago, tablets were a new and unproven market, and now they, along with other mobile connected devices including smartphones and e-readers, are leading the entire industry to positive growth," Steve Koenig, the group's director of industry analysis, said in a statement.

The group said it will expand by 5.6 percent this year, ahead of the GDP growth rate in the U.S. or 2.4 percent.

Shipment revenues for consumer electronics will climb next year as well.

Unit sales of e-readers like Amazon.com's Kindle will double, bringing in $1.8 billion.

Koenig said these mobile products are boosting growth for the industry as other types of consumer electronics, like flat-screen TVs, show declines.

The group found that 88 percent of U.S. households own at least one digital TV.  Because of this high rate, sales of TVs are set to drop this year, bringing in a-revenue of over $18 billion.


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