Close
  • Latest News
  • Artificial Intelligence
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Logo
Logo
  • Latest News
  • Artificial Intelligence
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Latest News
    • Mobile
    • PC Hardware
    • Small Business
    • Storage

    Smartphones, Netbooks, Beat Vacations, Jewelry When Money’s Tight: Report

    By
    Michelle Maisto
    -
    March 19, 2010
    Share
    Facebook
    Twitter
    Linkedin

      eWEEK content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More.

      Electronics are a top priority even for cash-strapped consumers, beating out other desirables when money becomes tight, according to a March 18 report from iSuppli.
      While 2009 worldwide per capita income declined by 2 percent – the first ever annual decrease in the post-World War II era – revenue for the global electronics market nonetheless rose. Global smartphone shipments were up 13.1 percent for the year, says iSuppli, while LCD-TV shipments increased by 42 percent and netbook shipments were up 100.8 percent.
      “There’s been a measurable shift in how consumers are spending their disposable income,” Derek Lidow, iSuppli president and CEO, said in a statement. “In a time of great economic distress, when people had less money and spending on essentials like food and rent declined, consumers surprisingly used a disproportionate amount of their money to purchase new consumer electronic products.”
      More restraint, however, has been shown toward items such as jewelry, vacations and restaurant meals – a trend that iSuppli expects will continue into 2010 and beyond.
      “Rather than spending on travel, people are opting to take -staycations,’ where they stay home during their vacation time,” said Lidow. “To make their staycations more enjoyable, consumers are buying products to entertain themselves in their homes, including LCD-TVs.”
      iSuppli forecasts that global factory revenue from shipments of consumer electronics, a category including LCD-TVs, will increase by 3.2 percent in 2010 and continue on to 7.8 percent in 2011. Smartphones are expected to rise 10.8 percent in 2010 and 13.1 percent in 2011, while the computer segment, driven in part by netbook sales, is expected to rise by 7.8 percent in 2010 and 7.9 percent in 2011.
      Consumers in the developing world – which felt the affects of the recession less acutely than developed markets – increasingly spent on devices that “enable them to be connected to the Internet as they move from place to place,” wrote Lidow. Primarily, this translated to consumers spending large shares of their incomes on their first cell phone subscriptions.
      “The importance that consumers are placing on these electronic products when it comes to spending is a very positive development for the global technology industry and should be a cause of optimism in the years to come,” said Lidow.
      What it may mean for the consumers themselves is another matter.

      Michelle Maisto
      Michelle Maisto has been covering the enterprise mobility space for a decade, beginning with Knowledge Management, Field Force Automation and eCRM, and most recently as the editor-in-chief of Mobile Enterprise magazine. She earned an MFA in nonfiction writing from Columbia University, and in her spare time obsesses about food. Her first book, The Gastronomy of Marriage, if forthcoming from Random House in September 2009.
      Get the Free Newsletter!
      Subscribe to Daily Tech Insider for top news, trends & analysis
      This email address is invalid.
      Get the Free Newsletter!
      Subscribe to Daily Tech Insider for top news, trends & analysis
      This email address is invalid.

      MOST POPULAR ARTICLES

      Latest News

      Zeus Kerravala on Networking: Multicloud, 5G, and...

      James Maguire - December 16, 2022 0
      I spoke with Zeus Kerravala, industry analyst at ZK Research, about the rapid changes in enterprise networking, as tech advances and digital transformation prompt...
      Read more
      Applications

      Datadog President Amit Agarwal on Trends in...

      James Maguire - November 11, 2022 0
      I spoke with Amit Agarwal, President of Datadog, about infrastructure observability, from current trends to key challenges to the future of this rapidly growing...
      Read more
      Cloud

      IGEL CEO Jed Ayres on Edge and...

      James Maguire - June 14, 2022 0
      I spoke with Jed Ayres, CEO of IGEL, about the endpoint sector, and an open source OS for the cloud; we also spoke about...
      Read more
      Applications

      Kyndryl’s Nicolas Sekkaki on Handling AI and...

      James Maguire - November 9, 2022 0
      I spoke with Nicolas Sekkaki, Group Practice Leader for Applications, Data and AI at Kyndryl, about how companies can boost both their AI and...
      Read more
      IT Management

      Intuit’s Nhung Ho on AI for the...

      James Maguire - May 13, 2022 0
      I spoke with Nhung Ho, Vice President of AI at Intuit, about adoption of AI in the small and medium-sized business market, and how...
      Read more
      Logo

      eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site’s focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Advertisers

      Advertise with TechnologyAdvice on eWeek and our other IT-focused platforms.

      Advertise with Us

      Menu

      • About eWeek
      • Subscribe to our Newsletter
      • Latest News

      Our Brands

      • Privacy Policy
      • Terms
      • About
      • Contact
      • Advertise
      • Sitemap
      • California – Do Not Sell My Information

      Property of TechnologyAdvice.
      © 2022 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×