$100-billion less than earlier forecastAfter record sales during the pandemic, the consumer electronics market has had a challenging three years, as inflation and a gloomy economic outlook cut down consumer budgets and changed their spending habits. This low-demand landscape has caused a considerable revenue drop, pushing the market far from the pre-pandemic levels. Although 2025 is expected to bring a long-awaited recovery, the new market forecast is less optimistic than before.According to data presented by Stocklytics.com, global consumer electronics sales are expected to hit $977 billion in 2025, or $100 billion less than the earlier forecast.Expected annual growth rate drops to 2.9%The global consumer electronics sales have been shifting back and forth, with consumers worldwide adjusting their budgets and prioritizing spending on basic needs amid the rising costs and inflation. After a short recovery in 2023, the global sales of smartphones, PCs, gaming equipment, and other devices are expected to drop by $6 billion or 0.6% in 2024, following a considerable 4.3% drop in 2022 (ICE TORONTO)

Fonte notizia: https://www.ept.ca/