U.S. Consumer Electronics Industry to Reach $183 Billion in 2009 Jul 24, 2008

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The consumer electronics industry will see overall shipment revenues top US$173 billion in the United States in 2008, according to the Consumer Electronics Association (CEA). The semi-annual U.S. Consumer Electronics Sales and Forecast shows CE shipment revenues will grow by 7.3% this year, reaching more than $183 billion by 2009.

The latest forecast increases CEA’s projection for 2008 shipment revenues, last updated in January 2008, by $2 billion. Leading the way are digital displays, with shipment revenues approaching $28 billion. DTV shipments represent 16% of all CE shipment revenues. With the switch to digital television occurring on Feb. 17, 2009, unit sales for digital displays will accelerate, climbing 24% this year, while retail prices will fall by 11%.

Consumers’ desire to stay entertained and informed at all times is also propelling smartphones to new levels. Smartphones will see revenue growth of 51% this year, comprising 28% of total wireless handset shipments.

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