Wednesday, January 8, 2003
Aside from digital video devices such as big-screen televisions and DVD players, overall growth in consumer electronics products will be flat, according to an industry study.
The Consumer Electronics Association (CEA) said it sees sales climbing to $99.5 billion in 2003, a 3.5 percent increase over 2002.
While a record, the total would represent little change from 2002, when sales rose to $96.2 billion, up 3.7 percent from 2001, CEA said. The 2002 figure is slightly higher than CEA's initial projections forecast in January 2002.
Consumer electronics sales have remained on the rise in recent years despite the slowing global economy. Experts say home entainment products like TVs and DVD players in particular, remain hot selling.
In addition, digital camera sales will total more than 11 million units in 2003, up 26 percent from 2002, CEA said. Sales of wireless telephones will increase by 6 percent to 60 million units on dollar sales of $8.8 billion.
By: DocMemory
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