Global revenue increased last year
Despite an unprecedented decline in global per capita income in 2009, global revenue for hot electronic products increased for the year, reflecting a fundamental shift in how consumers are prioritizing their spending, according to market researcher iSuppli Corp. The company found that worldwide per capita income in 2009 declined by 2% to $10,500, marking the first annual decrease during the post-WWII era. In contrast, iSuppli estimates global revenue from shipments of smart phones rose by 9.6% for the year, while LCD-TVs experienced a 14% increase and netbook PCs surged by 90%.
“In a time of great economic distress, when people had less money and spending on essentials like food and rent declined, consumers surprisingly used a disproportionate amount of their money to purchase new consumer-electronics products,” says Derek Lidow, president and CEO of iSuppli.
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