Not so gloomy for consumer tech

Yesterday’s Australian proclaimed the tech industry was about to go into a spiral thanks to the falling dollar and import costs set to raise the price of goods. Today’s SMH begs to differ.

Yesterday’s Australian proclaimed the tech industry was about to go into a spiral thanks to the falling dollar and import costs set to raise the price of goods. Today’s SMH begs to differ.

According to reports from AAP the Consumer Electronics Association has suggested that sales of high end gadgets such as flat panel TVs are on the rise as consumers prepare to hunker down at home to weather the current economic storm.

“It seems that part of the story here is that people cutting back and living with ‘good enough’ everywhere else in their lives figure they might as well enjoy flat-panel televisions and other electronics.”

Purchases of laptop computers, mobile telephones and sat -nav devices are also on the rise. According to DuBravac of the CEA consumers are cutting back on high end spending on flights or holidays and shifting their purchase power to consumer electronics.

He also predicted a rise in sales via online stores as people turned to the internet in search of bargains…

Figures revealed today show Aussies have spent a record $2.4 billion on digital products in the first half of the year.

Source: SMH



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