CE Products to Reach $150 Billion in 2007

CEA President and CEO Gary Shapiro told the Industry Forum in San Francisco yesterday that sales of consumer electronic products will reach nearly $150 billion in 2007. Also, CEA Senior VP of Events and Conferences Karen Chupka announced the lineup for keynote addresses for January's convention, which include Microsoft's Bill Gates and Dell's Michael Dell.

Gary's analysis produced some interesting lifestyle stats for US households. Each US household will buy $1500 worth of CE products next year equating to 26 products in each house.

Also 24pc of all gifts purchased will be CE products equating to $21.7 billion and an astonishing 15pc increase on last year's figures.