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Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Worst heatwave in years grips Midwest, moving east 17 Jul 2011 Lawyer says Egypt's Mubarak in coma, TV denies | 17 Jul 2011 Ratings agencies rattle cages in U.S., Europe 17 Jul 2011 Democrats, Republicans still at odds on debt ceiling | 11:33am EDT Moody's suggests U.S. eliminate debt ceiling 10:33am EDT Discussed 102 Obama and lawmakers regroup to seek debt deal 100 Obama asks lawmakers to gauge support for debt deal 59 Obama eyes more deficit talks with no deal in sight Watched Flying sphere goes where man fears to tread Thu, Jul 14 2011 Coalition forces raid Taliban stronghold Sun, Jul 17 2011 Highway project in Los Angeles Sun, Jul 17 2011 Mobile devices to lead consumer electronics growth: report Tweet Share this Email Print Related News Philips dims outlook after shock 1.3 billion euro loss 9:18am EDT Gloomy consumers cast dark cloud over economy Fri, Jul 15 2011 Citi profit beats forecasts, challenges remain Fri, Jul 15 2011 Sony Ericsson counts cost of Japanese disaster Fri, Jul 15 2011 Exclusive: Apple tests new chips with TSMC Fri, Jul 15 2011 Analysis & Opinion How the cloud changed venture capitalism Tech wrap: Apple plugs mobile software hole Related Topics Technology » Media » iPad » A visitor plays with a tablet PC at the Intel booth during the Computex 2011 computer fair at the TWTC Nangang exhibition hall in Taipei May 31, 2011. Credit: Reuters/Pichi Chuang NEW YORK | Mon Jul 18, 2011 9:28am EDT NEW YORK (Reuters) - More customers than ever will buy tablet computers and smartphones this year, driving consumer electronics revenue to a record high of $190 billion in 2011, according to a new forecast from a leading industry trade group. Sales of tablet computers such as Apple Inc's iPad and its rivals will reach 26.5 million units, resulting in $14 billion in revenue, the Consumer Electronics Association said in a report released on Monday. Smartphone sales will increase by 45 percent to $23 billion, the study said. "One year ago, tablets were a new and unproven market, and now they, along with other mobile connected devices including smartphones and e-readers, are leading the entire industry to positive growth," Steve Koenig, the group's director of industry analysis, said in a statement. The consumer electronics industry will expand by 5.6 percent this year, ahead of the GDP growth rate in the United States of 2.4 percent. Shipment revenues for consumer electronics will also climb next year, to an all-time high of $197 billion. Unit sales of e-readers, such as Amazon.com's Kindle, will double, bringing in $1.8 billion. These mobile products are boosting revenue growth for the industry as other types of consumer electronics, such as flat-screen TVs, show declines, Koenig added. The study found that 88 percent of U.S. households own at least one digital TV. Because of this high rate, sales of TVs are set to fall this year, with revenue of more than $18 billion. TVs that are connected to the Internet are likely to be a growing area, with more than 10.4 million units shipping to stores this year. Despite the slow adoption of 3D, TVs that have that feature will ship 3.6 million units, up from 1.9 million units last year. Apple will release its quarterly results on Tuesday, and sales numbers of the new, thinner iPad 2 will be in the spotlight. Wall Street estimates that Apple sold about 8 million new iPads in the quarter. (Reporting by Liana B. Baker; Editing by Lisa Von Ahn) Technology Media iPad Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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