The IFA 2019 opening press conference laid bare the status of the consumer electronics and home appliances market. And, despite an uneasy economy that's been rocked by political unrest, the industry should see sales remain stable by the end of 2019.
Best Buy saw its earnings per share beat expectations, while revenue was slightly down. Combined with the uneasiness over the impact of tariffs, the report sent the consumer tech retailer's stock tumbling.
Bernie Thompson, the CEO of computer accessory manufacturer Plugable, talks about the direct impact tariffs have had on his company and makes some predictions on their lasting effects.
New research from CTA found that the latest round of proposed tariffs could have a drastic impact on the costs of some of the most popular consumer tech items, including smartphones, laptops, and gaming consoles.
Over the weekend, President Trump ratcheted up his pressure to increase the rate of tariffs on $200 billion worth of goods imported from China to 25 percent this Friday.
Retail sales have been on the rise in recent years, and 2019 will likely be no different. The National Retail Federation (NRF) forecasts that this year, retail sales will see an increase between 3.8 percent and 4.4 percent totaling more than $3.8 trillion.
A downgrade note from Bank of America Merrill Lynch cited credit card spending data for consumer electronics and toys that slipped 6 percent in November compared to last year.