Finance Geek

LAS VEGAS (AdAge.com) — The recession has squeezed consumers into giving up a lot of things — but gadgets, TVs and smartphones have managed to remain essential, maybe more so than pants.

While the consumer electronics industry took a bruising in 2009, with sales down 7.8% from the prior year, it weathered this once-in-a-lifetime recession well compared to automotive, retail, apparel and other industries. And while it’s facing another down year in 2010, according to the Consumer Electronics Association’s new forecast, it’s benefiting from a recent change in consumer behavior that has elevated the electronic device from something discretionary to must-have.

Read the rest of this story »

See Also:

• The Death Of Traditional TV Inches Ever Closer, But It’s Not Here Yet
• 15 Gadgets That Changed Everything This Decade
• The Gadgets, The Goofs, The Gaga: Photos From CES 2010

More…

This entry was posted on Tuesday, January 12th, 2010 at 6:14 am and is filed under Silicon Alley Insider. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.