Hoping For Change
We’re finally in 2009. 2008 has not been an easy year for many in the consumer electronics industry. We’ve seen withering revenues, deteriorating markets, spending declines, imploding retail giants and the shrinking of independent dealers. We’re all hoping for change this year, and in many ways 2009 will be a year of significant change that may make us better, if we chose to make it so.
Of course, outside CE, this month’s presidential inauguration will mark the beginning of a large change in Washington, which will impact the economy at large, and in turn our businesses in ways we can‘t predict yet. February also brings us change in the form of the digital television transition--a change we saw coming for years and now hope that the broadcast and CE worlds are ready for.
Other changes more subtle. The content distribution paradigms we’re all been accustomed to are shifting more toward broadband distribution and away from packaged media. That’s already had a tremendous impact on the music industry--and resulted in huge sales of MP3 players as well. Will this pattern follow for video content and video hardware? That depends on a lot of factors, but creative manufacturers and dealers will find ways to stay ahead of the change and capitalize on it for their benefit.