It’s a good time to be in the consumer electronics business, according to a recent report delivered from the Consumer Electronics Association. It predicts that the total revenue in the industry will climb to a record $211.3 billion. The reason behind the boost? Connect device sales have gone through the roof. Add to that a 517 percent growth in Ultra HD device revenue and you’ve got the perfect storm for generating major profits.
“Across the consumer electronics industry,” said Gary Shapiro, president and CEO of CEA, “companies are packing more innovative features than ever into products that have quickly become indispensable – even as the industry continues to introduce breakthrough innovations that are capturing the hearts, minds and imaginations of consumers across the nation. Emerging tech categories including wearable devices, Ultra HD TV and 3D printers are generating tremendous consumer excitement and cementing their place as the next generation of ‘must have’ products.”
In the report, Shapiro also said, “There has never been a more exciting time for the technology consumer.”
True for the consumer, but also true for those of us working on the other side of things. It’s a fun and interesting world to be a part of.