Analyst: Global Consumer Electronics Revenue Could Reach One Trillion in 2011
Consumer Electronics Association projects that rebounded market will reach at least $964 billion this year as tablets continue gaining in popularity here and abroad.
LAS VEGAS -- The Consumer Electronics Association projects that global consumer electronics revenues would grow to $964 billion in 2011 -- -possibly even reaching the one trillion mark.
Global 2010 revenues were $873 billion worldwide, rebounding from a dip in 2009.
Smart phones contributed $51 billion to the 2010 revenues, with $22.9 billion generated by mobile PCs. Both categories had the highest volume of sales in Western Europe.
Tablet sales led the mobile computer category in North America.
Blu-ray had "slow and steady growth" with 23 million in unit sales in 2010. That is expected to grow to 30 million in 2011. North America dominated the Blu-ray market with 15 million in unit sales, though the format is not yet available in all regions of the world.
The Consumer Electronics Show runs January 6-9 in Las Vegas.
- John Oliver on the Luxurious 'Freedom' of HBO, His Complicated Relationship With NYC
- The Hollywood Reporter's 35 Most Powerful People in New York Media 2014
- Cannes Film Festival Unveils Star-Studded Lineup for 67th Edition
- CBS' $67 Million Man: Does Leslie Moonves' Moolah Make Sense?
- 'Mrs. Doubtfire' Sequel in the Works at Fox 2000 (Exclusive)
- MOST SHARED
- MOST POPULAR
- Will Hillary & Bill Clinton's Daughter Chelsea Be Running for Office?
- Zac Efron Gives a Lap Dance, Admits to 'Plowing' Lots of Chicks in Comedy Central Funny Video - Watch Now!
- Miley Cyrus Will 'Remain Hospitalized' After 'Extreme' Reaction to Sinus Infection Antibiotics
- Taylor Swift Steps Out for Ingrid Michaelson Concert in Brooklyn!