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The PC market isn't the only sector to note its first decline since the dot-com bust. According to the Consumer Electronics Association (CEA), consumer electronics in general is on pace to record its first annual drop in revenue since 2001, the same year the PC market also recorded its last decline prior to 2009.
Revenues are expected to be about $165 billion by the end of the year, down about 7.7 percent from 2008. However, it's not because consumers have reduced their spending. Instead, the CEA blames the lower revenue on lower product prices. In fact, CE spending as a percentage of all durable goods is as high as it has been in 50 years, TGDaily reports.
That might come as little consolation to CE manufacturers unable to cash in on consumer spending, but Blu-ray could turn that around. Despite falling prices of Blu-ray players, the CEA predicts unit shipments to reach nearly six million, a whopping 112 percent jump. That would push Blu-ray revenue over the $1 billion mark, a 48 percent increase over 2008.
Image Credit: tech2.in.com
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[4] http://www.maximumpc.com/article/news/worldwide_spending_it_expected_drop_6_percent
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