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US consumer tech retail revenues to hit record USD 377 bln this yr, driven by smart devices

Wednesday 1 August 2018 | 09:44 CET | News
US retail revenues from consumer technology will show a 6 percent jump this year to a record USD 377 billion, according to the Consumer Technology Association (CTA), pushed by smart speakers, smart home technologies and smartphones, in turn spurred by advanced in artificial intelligence (AI), voice-recognition technology and fast connectivity. Sales are expected to pass USD 1 billion for the first time for whole home Wi-Fi systems, wireless earbuds and augmented/virtual reality headsets alone. Streaming services will also put on a strong show, as will automotive technologies.

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Categories: General
Companies: Amazon / Apple / BATS / Google / Hulu / Netflix / Netgear / Pandora / Spotify
Countries: United States
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