Technology News
Updated 10:12 AM ET January 8, 1998
Consumer Electronics Sales Set To Hit $75.6 Bln in
'98
By Mark Egan
LAS VEGAS (Reuters) - Sales of consumer products will grow
five percent to a record $75.6 billion in 1998, boosted by strong
demand for computers and related products, the Consumer
Electronics Manufacturers Association said today.
The industry group projected that factory sales of personal
computers for the home will reach $17.6 billion in 1998, a rise of
$1.7 billion over the previous year.
Other home information products such as modems, printers,
monitors and cordless phones should also post solid sales gains in
the coming year, CEMA forecast.
Sales of home information products in 1998 will outpace sales of
home entertainment products such as televisions and computers.
Home information goods will generate sales of $34.5 billion this
year, compared with $20.4 billion for home entertainment goods,
CEMA said.....
More than 1,500 manufacturers will parade their wares at this
week's show with more than 100,000 attendees expected.
Digital cameras, which can interact with personal computers, are
expected to be hot in 1998.
"The home information product posting the highest growth rate will
be digital cameras with an increase of 47 percent between 1997
and 1998," Shapiro said. |
