CEA Releases Final 2002 Sales Figures

9-Sep-03

Total factory sales of consumer electronics products will reach $95 billion in 2003, according to new figures released by the Consumer Electronics Association (CEA). CEA also announced that total manufacturer-to-dealer sales increased from $93.7 billion in 2001 to $93.9 billion in 2002. CEA released these figures as part of its U.S. Consumer Electronics Sales & Forecasts, 1999-2004, which provides final year-end sales totals for 2002 and updates forecasts originally released this past January for 2003.The report covers factory sales of various product categories, including video, audio, mobile, home information, blank media, accessories, electronic gaming and home security. In addition, this year CEA has added data on factory sales of personal digital assistants (PDAs) to the mobile electronics section.The report shows that LCD and plasma TVs, MP3 players, aftermarket autosound, mobile video and navigation, digital cameras, blank media, accessories and batteries, and electronic gaming hardware and software stood among the strongest product sales in 2002.""The CE industry is built upon innovation and, certainly we live in an unprecedented period with such a wealth of products on the market. The broad array of products available led to some positive shifts between our original sales estimates and the recently released final adjusted numbers,"" noted Sean Wargo, CEA Director of Industry Analysis. ""Despite deflation, which puts downward pressure on revenue growth, the strong up-and-coming categories such as LCD TVs, plasma TVs, and digital cameras will continue to grow the industry over the next five years, even as some sectors shrink due to convergence and bundling.""""Continued consumer demand for digital products will help drive total consumer electronics sales to new heights in 2003,"" said Wargo. ""To date, 2003 has brought strong sales among digital televisions--particularly with LCD and plasma TV sets--as well as personal computers (PCs), wireless phones, digital cameras and MP3 players.""Data cited in this release came from CEA Market Research: U.S. Consumer Electronics Sales & Forecasts 1999-2004, published in July 2003. For more information, visit www.eBrain.org.For more information about CEA, visit www.ce.org.

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