CEA: Connected Portable Media Devices to Drive 2011 Market
Despite sluggish sales of Internet-enabled television and 3DTVs, the consumer electronics industry is projected to surpass $190 billion in overall shipment revenues this year, a growth rate of 5.6%, according to a new mid-year industry report from the Consumer Electronics Association. The projection is higher than a previous CEA projection in January. The CEA also predicts industry shipments will grow in 2012, reaching an all-time high of $197 billion. Tablet computers, which offer movie streaming and downloads, are projected to grow 157% in 2011, with more than 26.5 million units being shipped to dealers and resulting in $14 billion in shipment revenue.
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