comment on this article

Smartphone and tablet sales to surpass entire consumer tech market

Global revenue for smartphones and tablets is expected to exceed that of the entire consumer electronics market this year.

According to IHS, worldwide oem factory revenue for smartphones and tablets will amount to $354.3billion in 2013, up from just $41.2bn in 2007.

"Consumer demand for smartphones and tablets has been flourishing in the past few years, while sales growth for consumer electronics products has languished in the doldrums," noted Randy Lawson, senior principal analyst for semiconductors at IHS.

The reason for this, according to Lawson, is because consumers are finding more value in the versatility and convenience of mobile devices such as Apple's iPhone and iPad products, which are being used for everything from phone calls and photography to navigation and fitness tracking.

"Because of this, smart mobile platforms are displacing sales of consumer electronics products such as digital still cameras, camcorders, GPS and media players," Lawson continued.

With factory revenue in the consumer electronics space likely to decline in 2014, smartphones and tablets are expected to expand their revenue lead dramatically, rising to a 22.2% advantage compared to the entire consumer electronics market.

This gap, according to IHS, will continue to widen and reach nearly 35%in 2017.

Author
Laura Hopperton

Comment on this article


This material is protected by MA Business copyright See Terms and Conditions. One-off usage is permitted but bulk copying is not. For multiple copies contact the sales team.

What you think about this article:


Add your comments

Name
 
Email
 
Comments
 

Your comments/feedback may be edited prior to publishing. Not all entries will be published.
Please view our Terms and Conditions before leaving a comment.

Related Articles