Skip to main content

Consumer Electronics and a Happy Holiday

Given the recent news about the economy, one could not be blamed for approaching this holiday season with a very short shopping list. But a recent survey of 1600 households conducted by ABI Research has shown that not all consumers intend to cut back on spending, and some are even thinking of spending more than last year.

"ABI Research is anticipating that that all consumer electronics manufacturers and retailers are right to expect difficult times ahead," says research director Michael Wolf.

"But we also believe that there are certain segments that will fare better than others, including digital TVs and video game software."

While 47 percent of respondents plan to decrease spending during the 2008 end-of-year holidays, a surprising 40 percent expect to spend about the same as usual, and 13 percent -- mostly younger consumers -- actually foresee a spending increase.

Wolf continues, "One surprising result was that 18 percent indicated that they were planning on purchasing an High Definition Television (HDTV) this holiday season, a relatively big-ticket item when compared to the other products we asked about."

This result is likely due to a couple of factors, one being that many consumers are likely gearing up for the digital TV transition in February, 2009. Another perhaps more important factor is that overall HDTV prices have continued to plunge.

One disappointing result for both CE manufacturers and Hollywood has to be the low number of consumers saying they plan on buying a Blu-ray player.

Only 8 percent of those we surveyed have said that they plan to purchase one, this at a time when Blu-ray players can be found for under $200. This indicates that despite all of the marketing being undertaken on behalf of the new video disk format, many consumers still don't see Blu-ray as a must-have technology.

Very strange, when you consider all those new HDTV purchases.

Popular posts from this blog

Wireless Solutions Advance Work from Home Trends

Despite a challenging backdrop from the ongoing effects of the global COVID-19 pandemic, the negative impact on fifth-generation (5G) wireless supply chains has been minimal compared to the wider mobile smartphone market. This led to 5G mobile devices becoming more diverse, brought to market quickly at a variety of price points, thereby accelerating affordability and adoption. The mobile market is transitioning to 5G and many leading vendors are now exploring the low-priced 5G smartphone segment. According to the latest worldwide market study by ABI Research, 681 million 5G handsets will be shipped in 2022. Therefore, the race is on for OEMs to find that all-important level of differentiation in their flagship portfolios to help boost margins and improve market share. 5G Wireless Market Development Vendors continue to drive the adoption of new product designs, screen technology, chipsets, and camera setups -- notably within the flagship smartphone segment. Meanwhile, the leaders seek a

Software-Defined Infrastructure: The Platform of Choice

As more organizations adapt to a hybrid working model for their distributed workforce, enterprise CIOs and CTOs are tasked with delivering new productivity-enabling applications, while also seeking ways to effectively reduce IT cost, complexity, and risk. Traditional IT hardware infrastructure is evolving to more software-based solutions. The worldwide software-defined infrastructure (SDI) combined software market reached $12.17 billion during 2020 -- that's an increase of 5 percent over 2019, according to the latest market study by International Data Corporation (IDC). The market grew faster than other core IT technologies. The three technology pillars within the SDI market are: software-defined compute (53 percent of market value), software-defined storage controller (36 percent), and software-defined networking (11 percent). "Software-defined infrastructure solutions have long been popular for companies looking to eliminate cost, complexity, and risk within their data cente

Digital Identity Verification Market to Reach $16.7B

As more enterprise organizations embrace the ongoing transition to digital business transformation, CIOs and CTOs are adopting new technologies that enable the secure identification of individuals within their key stakeholder communities. A "digital identity" is a unique representation of a person. It enables individuals to prove their physical identity during transactions. Moreover, a digital identity is a set of validated digital attributes and credentials for online interactions -- similar to a person's identity within the physical world. Individuals can use a 'digital ID' to be verified through an authorized digital channel. Usually issued or regulated by a national ID scheme, a digital identity serves to identify a unique person online or offline. Digital Identity Systems Market Development Complementary to more traditional forms of identification, digital identity verification systems can enhance the authenticity, security, confidentiality, and efficiency of