Report: CE State Of The Industry 2023

Sales of premier consumer technology products – smartphones, TVs, PCs/tablets, smart home, for instance – continue to dip. High-interest rates, inflation, and recession fears continue to either delay discretionary consumer purchasing or are pushing consumers to “trade down” to lower-priced goods. Many vendors and retailers are still sitting on accumulated inventory and Covid-crippled supply chains haven’t completely healed. Changing staffing and workplace dynamics are challenging operational stability. Even the war in Ukraine has introduced a layer of uncertainty within the industry.

Considering these economic and business pressures, what’s the consensus view of the state of the CE industry from retailers, vendors, and analysts polled by TWICE?

Meh.

Read the rest of this report here at TWICE.com.

About Stewart Wolpin

I have been writing about consumer electronics for four decades, including news, reviews, analysis and history for a wide variety of consumer, niche and trade outlets. For the Consumer Technology Association (CTA), I annually update the industry's history and write the official biographies of the CTA Hall of Fame inductees. Aside from writing about consumer technology for a variety of consumer, tech and trade publications, I write a blog and do market research for Digital Technology Consulting. In the non-tech world, I have written "Bums No More: The Championship Season of the 1955 Brooklyn Dodgers" and "The Rules of Neighborhood Poker According to Hoyle." Check out my work at www.stewartwolpin.com.
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