Global tech industry uneven as sales of mobile devices surge
LAS VEGAS (AFP) - The global tech industry has become a tale of two sectors, with mobile devices surging at the expense of older electronics that are struggling, a forecast showed.
A survey presented ahead of the International Consumer Electronics Show, the biggest trade show of its kind, projects modest growth of four per cent for the industry expected to generate sales of US$1.1 trillion (S$1.35 trillion) this year.
But half of the revenues will come from mobile connected devices - smartphones, tablets and mobile computers, according to the forecast by the Consumer Electronics Association (CEA) and GfK Research.
The industry has been buffeted by the huge shift to mobile, and also by sluggish global economic conditions, especially in recession-hit Western Europe.