Individuals and households report at least a 35 percent increase in spending on consumer electronics products over the past 12 months, according to the latest Consumer Electronics Association report on the consumer electronics market.
But consumer sentiment is weakening. That would normally lead to lower spending, overall. The issue is whether technology spending will diverge from that pattern, as might be the case. Apple is a big part of the story.
Tuesday, April 23, 2013
Consumers, Businesses Boosted Technology Spending 35% Over the Last Year
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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