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Tablets to push US electronic sales above $200 bn
by Staff Writers
Washington (AFP) July 24, 2012


US consumer electronic sales are expected to top $200 billion for the first time this year, propelled by strong growth in tablet computers, an industry group said Tuesday

The semiannual forecast released by the Consumer Electronics Association showed an estimated 5.9 percent growth in US sales this year, two points higher than previously projected in January.

The forecast said industry sales will surpass $206 billion this year, the first time revenues in the United States are expected to top the $200 billion mark.

Sales growth is projected to continue into 2013, when industry revenues will likely grow 4.5 percent to $215.8 billion, the group said.

The industry "is offering what consumers want during these uncertain economic times: innovation and value," said association president and chief executive Gary Shapiro.

"Consumers' desire for connected devices is pushing projected revenues higher than originally anticipated, but the long-term health of our industry relies on a strong and growing US economy."

Sales of mobile connected devices, led by tablets, are a key factor in the growth outlook. The association said tablet sales would hit $29.1 billion for the year, $10.8 billion more than forecasted in January.

The association is forecasting 83 percent sales growth year-over-year in tablets and total unit sales of 68.5 million.

"Tablets are the fastest-growing product category in the history of the CE industry, and sales will continue to increase as more products hit the market, offering consumers more choices in size, price, operating systems and app ecosystems," said Steve Koenig, the association's director of industry analysis.

Smartphone unit sales are expected to grow 24 percent to 108 million units, accounting for revenue of $33.7 billion in 2012.

The group forecasts a modest increase in laptop sales to 21.3 million units and revenues of $14.9 billion.

Sales of networked-enabled TVs are projected to top 10 million, growing 56 percent in 2012, with revenue up 20 percent at $9 billion.

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Apple profit jumps to $8.8 bn, but misses forecasts
San Francisco (AFP) July 24, 2012 - Apple on Tuesday reported that quarterly profit grew to $8.8 billion on hot iPad sales but the results came up short of lofty expectations.

Apple said that its revenue hit $35 billion in the quarter ended June 30, a figure shy of Wall Street expectations despite nearly doubling iPad sales and selling 28 percent more iPhones than in the same period a year earlier.

With results below analyst forecasts, Apple shares slid 5.4 percent in after-hours trade to $568.45.

"We're thrilled with record sales of 17 million iPads in the June quarter," Apple chief Tim Cook said in a release.

"We've also just updated the entire MacBook line, will release (the computer operating syste) Mountain Lion tomorrow and will be launching (mobile operating system) iOS 6 this fall."

Cook added that the Cupertino, California-based company has "amazing new products" on the way.

Some analysts believe that the blistering pace of iPhone sales growth faces a temporary cooling as potential buyers wait for the release of a new-generation iPhone, perhaps later this year.

Apple's share of the US smartphone market was expected to inch up a percent to 31 percent this year, while the share for handsets powered by Google-backed Android software was expected to hit 41 percent, according to eMarketer.

Apple used the earnings report to declare a cash dividend of $2.65 per share of common stock.



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Researchers Almost Double Light Efficiency in LC Projectors
Raleigh NC (SPX) Jul 24, 2012
Researchers from North Carolina State University and ImagineOptix Corporation have developed new technology to convert unpolarized light into polarized light, which makes projectors that use liquid crystal (LC) technology almost twice as energy efficient. The new technology has resulted in smaller, lower cost and more efficient projectors, meaning longer battery life and significantly lower leve ... read more


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