Cable / Telecom News

Wearable tech, Ultra HD TV to power CE industry profits to “record high” this year: report


ARLINGTON, VA - Driven in part by the skyrocketing sales of connected devices, revenues for the consumer electronics (CE) industry are projected to grow 2% in 2014, reaching a record high of $211.3 billion, according to U.S. Consumer Electronics Sales and Forecasts 2010-2015.Looking ahead to 2015, the report predicts that industry sales will grow by 1.2%, with industry revenues reaching another all-time high of $214 billion.  The semi-annual industry report, released by the Consumer Electronics Association (CEA), is a consensus forecast reflecting U.S. factory sales-to-dealers and covers more than 100 CE products, serving as a benchmark for the CE industry, and...