Claudia Schiffer

By Gary J. Shapiro President and CEO Consumer Electronics Association As the consumer electronics industry prepares to enter 2002 we face a series of serious challenges and accompanying opportunities. Our industry has enjoyed tremendous growth over the past decade, as consumer interest in digital technologies has helped total annual sales rise from $37 billion in 1992 to an estimated $90 billion by the end of 2001. While many are concerned that industry growth may stagnate in the wake of the current uncertain economy and the war on terrorism, there is good reason to be cautiously optimistic as we look ahead to 2002.

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