The technology sector had a tough 2023. During a CES session in Las Vegas yesterday, Circana Vice President Paul Gagnon and Circana Industry Analyst Ben Arnold revealed the details of what they’ve been tracking over the last year, noting both areas of decline and “pockets of growth.” They encouraged tech vendors to look for innovative ways to sell products, targeting consumers via age group and income bracket as well as looking at geographic zones such as Mexico that are experiencing growth. The good news, they stressed, was the return of growth in the latter half of 2023. Continue reading CES: Circana Foresees an Increase in Tech Spending in 2024

The NPD Group’s Paul Gagnon and Ben Arnold presented “7 Ways the CE Consumer Has Changed” in the last few years. U.S. consumer attitudes and behaviors changed from early-pandemic lockdown to the slow reopening, and then the fear of inflation and recession. In general, consumers are buying more for individuals than for shared home experiences, they have equipped themselves for remote work which may suppress future sales until they are ready to upgrade, and they buy when bargains appear even if they plan to actually open them for a holiday or special occasion. Continue reading CES: The NPD Group Analyzes Changes in Consumer Trends

Sales of televisions, laptops, tablets and other electronic devices have soared during the COVID-19 pandemic, as people switched to working and learning online. It also sparked a shortage of semiconductors that is now predicted to last until 2023. NPD reported that, also as a result of the shortage, prices of larger TV sets have skyrocketed about 30 percent year-over-year from last summer, and some manufacturers of tablets and other devices relying on chips are warning about imminent price increases due to shortages. Continue reading Shortage of Integrated Circuits Will Drive Up Cost of Displays

Consumer Reports is scrupulous about buying the products it tests and reviews. It’s fitting then that the organization’s electronics senior editor Jim Willcox brought together a panel to talk about the latest 4K UHD TVs without inviting a single television set manufacturer. After all, he says, they all have booths on the CES 2017 floor. He opened the discussion with a thought that 4K is in fact a Trojan horse, bringing features such as High Dynamic Range (HDR) that are more demonstrable to viewers. Continue reading Content Distributors Look at Evolution of 4K UHD, HDR, More

Sony plans to debut a high-end console, PlayStation 4 Pro (formerly “Neo”). Set to ship November 10 for $399, PlayStation 4 Pro will boast a faster processor, more storage, and 4K graphics. Sony will also release a more energy-efficient, 30 percent smaller PlayStation 4, to go on sale September 15 for $299. This console replaces the original PlayStation 4, which debuted November 2013 at $399. All PlayStation 4 consoles will be able to play back high dynamic range images, including, via a software update, older PlayStations. Continue reading Sony to Unveil Two PlayStation 4s: 4K Pro and Smaller Version

CES 2016 will reflect a year of evolution, not revolution, for TV displays. UHD 4K sets aren’t new at CES, says Paul Gagnon, director of TV research for IHS, but 2016 is “the first breakout year.” What is still on the cutting edge are technologies for improved picture quality and improved dynamic range, with a variety of largely proprietary high dynamic range (HDR) offerings. And lest anyone think that 4K is the end destination, CES 2016 will highlight the 8K offerings of manufacturers doubling down on even higher resolution. Continue reading CES 2016: 4K Displays Tout More Features and Lower Prices