Electronics sales to increase in 2002.Sales of consumer electronics goods from manufacturers to dealers will surpass $95.7 billion in 2002, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Consumer Electronics Association (CEA CEA carcinoembryonic antigen. CEA abbr. carcinoembryonic antigen CEA (Carcinoembryonic antigen) , Arlington, VA). If achieved, these projected results will set a new annual sales record for the industry and represent a three percent growth over the 2001 total. In addition, CEA increased its 2001 estimate of sales to $93.2 billion, a rise of $3 billion from its previous estimate. The CEA predicts solid growth in all categories of consumer electronics products. The video category has the largest impact on the industry. DVD players A stand-alone device that plays DVDs. It contains a DVD drive and the electronics to decode the digital video. The device may play only manufactured DVDs, or it may be able to play DVD-R, DVD-RW and DVD+RW discs. DVD players are cabled to a TV or home theater system for display. , digital televisions, personal video recorders See DVR. and home satellite systems are reaching homes at an exponential 1. (mathematics) exponential - A function which raises some given constant (the "base") to the power of its argument. I.e. f x = b^x If no base is specified, e, the base of natural logarthims, is assumed. 2. rate. Stand-alone DVD player sales totaled 13 million in 2001 and have reached the 25 percent household penetration rate faster than any other product in history. Sales are projected to grow by another 25 percent in 2002. Digital television sales reached 1.4 million units in 2001. In dollar terms, digital television is the most successful product in consumer electronics history. By the end of 2002, cumulative sales of digital television products are expected to exceed $8 billion. Sales of mobile electronics are projected to reach $16.5 billion in 2002, a four percent increase over 2001. Wireless phones are predicted to lead the category, with dollar sales of $8.8 billion forecast for 2002, up nearly $200 million from 2001. Sales of mobile video and navigation products are expected to reach $930 million in 2002, a 35 percent increase over 2001. In the home information category, digital cameras, aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. computer monitors and computer software are all showing strong growth. Unit sales unit sales Sales measured in terms of physical units rather than dollars. Unit sales data are often used by financial analysts when evaluating the health of a company. of digital cameras will top seven million in 2002, an increase of 30 percent over 2001. Unit sales of aftermarket computer monitors grew by 14 percent in 2001--and will grow by another 15 percent in 2002--as a result of strong consumer interest in LCD technology. Finally, sales of computer software topped $5 billion in 2001, with a 14 percent growth to $5.8 billion forecast for 2002. CEA forecasts that sales of electronic gaming products will grow by 15 percent in 2002, to a dollar total of $11.5 billion. |
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