Consumer Electronics Sales to Rise 2.4% to $302.3 billion in 2006

Consumer electronics equipment sales will only rise 2.4% to reach $302.3 billion in 2006, compared to 11.6% in 2004 and 13% growth in 2005, due to product delays, competing standards and inventory shortages plaguing the consumer electronics market, according to iSuppli.

The battle between the HD- DVD and Blu- ray standards for next-generation DVD is resulting in much slower growth, according to iSuppli. Many consumers are waiting for a winner or, more likely, the emergence of dual-standard players and/or disks in time for next year’s holiday season.

Sony also has reported yield problems and cut PS3 global shipments to just 2 to 2.4 million units in 2006. With innovative, unique controllers and low price point, the Wii may turn out to be the underdog hit of the video game market as Nintendo plans to ship 4 million units in 2006.

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