Industrial Technology Losing USD 13 Billion This Year
Follow @mibimiboExhibition Consumer Electronics Show (CES) 2014 is an annual moment for the manufacturer of electronic devices and technology to show off. Feast of the gadget world, held every year it's always crowded with a variety of devices and the latest technological innovations developed by the company.
Almost everyone who was present at the exhibition was excited to see the world through the development of industrial technology products exhibition. However, a presentation contains predictions about market conditions that will occur in 2014 destroyed the mood of the majority of people in attendance at CES 2014. This blog about Information Technology and The Latest Gadgets.
According to Steve Koenig, director of industry analysis at the Consumer Electronics Association (CEA), consumer spending in the global technology industry this year will fall to $ 1.06 trillion. The fall of around USD 13 billion compared to last year.
Global technology spending only grew by 3% from 2012 to 2013 to $ 1.07 trillion. That means the industry must work extra to boost their income.
Then why this could happen? According to Bloomberg reported, is due to a shift in market trend of high-end smartphones to low-end devices. According to CEA in this industry have to sell more mobile devices than last year, but at a cheaper price in order to attract customers in emerging markets.
The decrease in revenue is already being felt by Samsung. Giant South Korean electronics devices posted a profit decline in the first time since 2011.
Samsung was the biggest smartphone maker in the world, with various product lines and price variance. Samsung sells a lot of cheap phones and have to spend more marketing costs to drive sales of the Galaxy series devices hers. This is affecting the revenue of Samsung.
Samsung also has spent a lot of money to market the Galaxy smartwatch Gear. Birth of wearable devices are expected to push back the market penetration of technology products.
See also :
Almost everyone who was present at the exhibition was excited to see the world through the development of industrial technology products exhibition. However, a presentation contains predictions about market conditions that will occur in 2014 destroyed the mood of the majority of people in attendance at CES 2014. This blog about Information Technology and The Latest Gadgets.
According to Steve Koenig, director of industry analysis at the Consumer Electronics Association (CEA), consumer spending in the global technology industry this year will fall to $ 1.06 trillion. The fall of around USD 13 billion compared to last year.
Global technology spending only grew by 3% from 2012 to 2013 to $ 1.07 trillion. That means the industry must work extra to boost their income.
Then why this could happen? According to Bloomberg reported, is due to a shift in market trend of high-end smartphones to low-end devices. According to CEA in this industry have to sell more mobile devices than last year, but at a cheaper price in order to attract customers in emerging markets.
The decrease in revenue is already being felt by Samsung. Giant South Korean electronics devices posted a profit decline in the first time since 2011.
Samsung was the biggest smartphone maker in the world, with various product lines and price variance. Samsung sells a lot of cheap phones and have to spend more marketing costs to drive sales of the Galaxy series devices hers. This is affecting the revenue of Samsung.
Samsung also has spent a lot of money to market the Galaxy smartwatch Gear. Birth of wearable devices are expected to push back the market penetration of technology products.
See also :
