|
. | . |
|
by Staff Writers Las Vegas (AFP) Jan 05, 2015 The outlook for global technology spending is uncertain after nearly flat growth in the past year, with turbulent economic conditions making a forecast difficult, an industry gathering was told Sunday. At the media preview for the massive International Consumer Electronics Show in Las Vegas, data presented showed just one percent growth in 2014 to bring spending on technology to $1.024 trillion. But analyst Steve Koenig of the Consumer Electronics Association, which organizes the event, said economic conditions around the world forced the group to defer its forecast for 2015. "We have a very mixed spending picture," Koenig said. The market is being driven by strong demand for new products like tablets and smartphones in emerging economies in Asia, and by modest economic growth in North America. The picture is clouded by economic stagnation in the eurozone and Japan and "weak expectations" in big emerging economies such as Brazil, Koenig explained. Russia, another large emerging economy, is being hit by economic sanctions that could dent tech spending. The association predicted a drop in tech spending of five percent in Europe and Latin America, and it remains unclear whether the rest of the world will pick up the slack. Koenig said smartphone and tablet sales are growing at a healthy pace in China and other developing economies, and demand for new televisions is being driven by a "robust upgrade cycle" to the "ultra" high-definition displays. At the same time, spending is being capped by the decreasing price for new mobile devices. "A flood of low-cost devices is coming into the marketplace," he said, noting the prominence of phone makers in China such as Xiaomi, which has pushed into the top ranks of manufacturers. CEA forecast smartphone unit sales growing 19 percent this year to 1.5 billion units, but revenue is expected to grow just nine percent to $406.7 billion as prices fall. In tablets, unit growth is expected at 20 percent in 2015, but revenues will decline some eight percent to $61.9 billion, Koenig said as he unveiled the forecast.
Related Links Space Tourism, Space Transport and Space Exploration News
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service. |