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Gadget sales to top $1 trillion in 2012

Jan. 9, 2012 - 16:15 By Korea Herald
LAS VEGAS (AP) ― Developing countries like China and India will drive global sales of consumer electronics above $1 trillion this year for the first time, even as cash-strapped shoppers in the U.S. and Western Europe ease off spending for high-tech gear, industry analysts said Sunday.

Developing countries will account for 46 percent of global gadget sales in 2012, up from 37 percent four years ago, according to GfK Boutique Research and the Consumer Electronics Association.

The groups presented their forecast ahead of the massive International Consumer Electronics Show, which kicks off Tuesday in Las Vegas.

Their estimate of 2012 global electronics sales, at $1.038 trillion, represents growth of 5 percent from last year. That compares to growth of 8 percent from 2010 to 2011.