Stories
Slash Boxes
Comments

SoylentNews is people

posted by Fnord666 on Thursday January 05 2017, @05:51AM   Printer-friendly
from the and-I-feel-fine dept.

As tech industry leaders gather for an annual extravaganza showcasing hot new products, political uncertainty is casting a cloud over the sector.

The election of Donald Trump and the Brexit referendum are among the factors weighing on the outlook. And a strong US dollar may cut into spending for many consumers around the world.

With the Consumer Electronics Show kicking off this week in Las Vegas, the organizers are predicting that industry revenue would shrink for the fourth consecutive year.

Consumer Technology Association senior director of market research Steve Koenig revealed the forecast Tuesday, predicting the amount of money people around the world spend on smartphones and other gadgets this year would tally $929 billion as compared to $950 billion in 2016.

Koenig said the "underpinning" of the global forecast was "uncertainty with the election of Trump and with Brexit."

It's the end of the world as we know it.


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 2) by chromas on Thursday January 05 2017, @06:19PM

    by chromas (34) Subscriber Badge on Thursday January 05 2017, @06:19PM (#449844) Journal

    battery tech hasn't kept up with the times

    But we've got at least 8 different techs perpetually right around the corner that will give us 10× battery life!

    What are they gonna blame their sales numbers on next, global warming?

    Don't forget the Russian hackers.

    Starting Score:    1  point
    Karma-Bonus Modifier   +1  

    Total Score:   2