Is Your Store Leveraging Smartphone Technologies?

They're everywhere! U.S. tablet and smartphone sales are on-track to break revenue records.

July 19, 2011

NEW YORK - According to a forecast from the Consumer Electronics Association (CEA), U.S. consumer electronics revenue will jump 5.6% to reach a record high of $190 billion this year, The Guardian reports.

The CEA forecasts sales in the U.S. of tablet computers will reach 26.5 million units, generating $14 billion in revenue, while smartphone sales will increase 45% to $23 billion.

The 5.6% growth is double the U.S. GDP growth, though the CEA said 2012 numbers are only expected to grow 3% as penetration widens.

"One year ago, tablets were a new and unproven market. Now they, along with other mobile connected devices including smartphones and e-readers, are leading the entire industry to positive growth," said Steve Koenig, the group's director of industry analysis.

The forecast is $4 billion more than what the CEA predicted in January when it said it expected 3% growth for 2011.

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