Two recent tech events highlighted a fascinating sea change in the global consumer electronics (CE) market. Only two categories in the market are experiencing growth: smartphones and tablets. They combine for 40 per cent of CE sales, worth one trillion dollars annually, but every other category is contracting. This trend was evident at both the Consumer Electronics Show (CES) in Las Vegas and Deloitte’s Technology, Media & Telecommunications (TMT) Predictions 2013. Here are the key insights:
The TV has been left behind. It’s a dumb device in an era when notebooks, tablets and smartphones can do so much more, and younger people have responded, surfing the Web, watching YouTube and engaging in social media more than they watch television. All this means TV has been losing its relevance in the digital era.