Smartphone And Tablet Revenue Is Bigger Than The Entire Consumer Electronics Market

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Combined Smartphone And Tablet Revenue To Exceed Entire Consumer Electronics Market This Year (IHS)
Research outfit IHS recently compared the history of combined smartphone and tablet revenue to revenue from the broader consumer electronics (CE) market to compare future revenue trajectories for both markets.

In doing so, IHS found that smartphones and tablets will combine for about $355 billion in revenue this year, which is 3% higher than the expected revenue for the entire CE market, which is roughly $344 billion. IHS defines the CE market as a broad category that includes televisions, audio equipments, cameras and camcorders, video game consoles, and home appliances.

The presence of mobile devices has not only added a dimension to the CE market, it has also single handedly made each product within the CE category slightly less valuable. Smartphones and tablets now all carry a quality substitute for almost every product in the CE category: TV (mobile video, YouTube), audio equipment (iTunes, Pandora), cameras and camcorders (a standard on mobile device hardware), video game consoles (mobile games and apps). It's no wonder the mobile category is far outpacing its CE counterpart. Read >

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