CEA Projects Record Industry Revenues
Overall revenues in the consumer electronics industry will reach $211.3 billion in 2014, year-over-year growth of 2 percent and a new record for the industry, the Consumer Electronics Association projected in a report issued Tuesday.
The U.S. Consumer Electronics Sales and Forecasts 2010-2015 attributed the strength to "skyrocketing sales of connected devices." The projection is line with January's number.
The report also saw a 517 percent increase in Ultra HD revenues for the year, with growth also seen in smartphones and tablets.