US Gadget Love Forecast to Grow Despite Trust Issues
The trade group behind the Consumer Electronics Show set to start the Tuesday forecast that US gadget love will grow despite trust and privacy issues hammering the tech world. The Consumer Technology Association (CTA) predicted that US retail revenue in the sector would climb to a record high $398 billion this year. “There are so many cool things happening in the consumer electronics industry right now,” said CTA vice president of market research Steve Koenig. “We are fast approaching a new era of consumer technology.” Trends gaining momentum, and expected to be on display on the CES show floor, included super high resolution 8K televisions; blazingly-fast 5G wireless internet, and virtual aides such as Google Assistant and Amazon’s Alexa woven into devices of all kinds. The CTA forecast revenue growth in the US for smart phones, speakers, homes and watches along with televisions, drones, ‘in-vehicle tech,’ and streaming services. Amid trade wars, geopolitical tensions and a decline in public trust, the technology sector is seeking to put its problems aside with CES, the annual extravaganza showcasing futuristic innovations. The January 8-11 Las Vegas trade event offers a glimpse into new products and services designed to make people’s lives easier, fun …