Smartphone, Tablet Revenue Overtaking Electronics

tablet_2013Smartphone and tablet factory revenue are expected to exceed the entire consumer electronics market this year for the first time as mobile demand continues to outpace more traditional technology.

Global original equipment manufacturer (OEM) factory revenue for those mobile devices will amount to $354.3 billion in 2013, 3% higher than the much wider consumer electronics market that includes televisions, headphones, cameras, video game consoles and appliances, according to a new report from IHS (IHS).

“Consumer demand for smartphones and tablets has been flourishing in the past few years while sales growth for CE products has languished in the doldrums,” said Randy Lawson, senior principal analyst for semiconductors at IHS.

Source: Fox News