CES 2016: Global sales of tech products fell 8% in 2015; IoT to lead growth

By John Bugailiskis

LAS VEGAS - Worldwide spending on consumer electronics will continue to slow in 2016 due to a variety of factors including China’s economic slowdown says researchers from the Consumer Technology Association (CTA).Global sales of tech products fell by 8% in 2015 to $969 billion, according to research conducted jointly by the CTA and GfK, an international market research firm. Both the CTA and GfK forecast that sales will fall a further 2% in 2016 to $950 billion."We're seeing flat demand," said Steve Koenig, senior director of market research for CTA at a press event on Monday ahead of the annual...