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Holiday Spending Update: A bad news, good survey story about consumer electronics spending

Posted on: 08-Dec-2008

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Summary

The bad news: employment is down the worst since World War II. Steel capacity utilization is down by half. U.S. automaker car sales are off 44% when normally bad year for them is down 10%. Meanwhile, same store retail sales for November ex-Wal-Mart collapsed 7.4%. As for Consumer Electronics, There’s nothing new to buy. But the survey’s have been surprisingly not too bad, as this report shows. More than half of consumers say they will spend the same or more as last year on electronics.

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About weQuest:
weQuest's are written by G Dan Hutcheson, his career spans more than thirty years, in which he became a well-known as a visionary for helping companies make businesses out of technology. This includes hundreds of successful programs involving product development, positioning, and launch in Semiconductor, Technology, Medicine, Energy, Business, High Tech, Enviorntment, Electronics, healthcare and Business devisions.

Short URL: https://www.wesrch.com/electronics/weqEL19P3A

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