U.S. households spend $1,200 a year on gadgets

Posted on Thursday, May 03 2007 @ 09:21 CEST by Thomas De Maesschalck
A study conducted by the Consumer Electronics Association (CEA) found that an average American household buys approx. $1,200 of electronics products a year:
According to the study, televisions are the most popular consumer electronics product, and can be found in 92 percent of American households. HDTVs, which significantly increased in popularity this past year, can already be found in 25 percent of American households. Mobile phones, which are owned by 76 percent of American households, are also amongst the most common consumer electronics devices.

In the past year, the largest growth was seen in network hardware (e.g., wireless access points, routers) and digital video recorders, both of which increased by 8 percent. A quarter of American households now own a DVR and 30 percent own network hardware. Digital audio players (owned by 32 percent of American households) and digital cameras (owned by 62 percent of American households) also saw tremendous growth in the past year.

"Many of the top owned products have enjoyed mass-market saturation for years and will likely see growth based on upgrade and replacement sales," said CEA Senior Research Analyst Elena Caudle. "Some of the more intriguing categories are those that still occupy niche markets, such as mobile CE devices like GPS systems and satellite radio, which have seen healthy growth in the past few years."
More info at ARS Technica.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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