Tuesday, January 5, 2010

Gadget show aims for affordable tech

Electronics sales rebounded in the just-ended holiday season, but the industry's biggest event will still have the recession hanging over it. The International Consumer Electronics Show, which opens Wednesday, will be smaller than usual, with key products unveiled at prices that are far from extravagant.
Manufacturers will use the show in Las Vegas to trot out the devices they hope will keep consumers opening their wallets, despite high unemployment. TVs with 3-D displays, svelte laptops and e-book readers will be the hottest categories.

Gadget makers are in a much better mood than they were a year ago, when they were shocked by a 27 percent decline in holiday sales of electronics and appliances. In the month leading up to the 2009 Consumer Electronics Show, exhibitors were canceling because they were concerned about the economy, said Jason Oxman, senior vice president at the Consumer Electronics Association, the trade association that organizes CES.

In contrast, in the just-ended shopping season, revenue from electronics sales in the U.S. between Nov. 1 and Dec. 24 rose 5.9 percent from the same period in 2008, according to an estimate by MasterCard Advisors' SpendingPulse, which tracks all forms of payment, including cash. The analysts don't give a dollar figure.

This time CES exhibitors were adding themselves to the lineup in the week before the show, Oxman said.

"There's a great deal of enthusiasm leading into 2010 that just wasn't there in the 2009 show," he said.

The association expects 2,500 exhibitors and 110,000 attendees, roughly flat with last year but still down considerably from 2007, when 144,000 people came.

Computers join venue

CES, which began in 1967, originally focused on home entertainment gear. But with the demise of large computer trade shows in the U.S., CES is now the main venue for not just audio and video giants like Panasonic Corp., but also such pillars of the computing world as Hewlett-Packard Co., Dell Inc. and Cisco Systems Inc. Microsoft Corp. CEO Steve Ballmer will kick off the show Wednesday night with a keynote speech.

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