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Tag: Consumer Electronics

  • Consumer electronics revenues to be $209 bn in 2013: CEA

    Consumer electronics revenues to be $209 bn in 2013: CEA

    MUMBAI: Revenues for the consumer electronics (CE) industry are projected to grow nearly three per cent, reaching a new record-high of $209.6 billion, according to the semi-annual industry forecast released by the Consumer Electronics Association (CEA) in the US.

    The forecast also shows 2012 industry revenues reached $204 billion, up five per cent from the previous year. CEA President and CEO Gary Shapiro announced the forecast.

    He said, "Innovation fuels our economy and allows us to further economic growth and create jobs. There is no better place to see innovation than at the International CES, and the products on display this week will propel the CE industry to record levels in 2013."

    Mobile connected devices continue to drive industry growth:

    • Tablet computing will continue double-digit growth in 2013. Unit sales of tablets are projected to reach 116 million this year, up 45 per cent from 2012, when 80 million tablets were sold to dealers. Industry revenues for tablets are expected to surpass $37 billion this year, up from $31 billion in 2012.
    • Smartphones continue to be the primary revenue driver for the industry with growth projected to continue in 2013. Unit sales of smartphones are projected to reach 130 million this year, up from 111 million in 2012. Smartphone shipment revenues are expected to surpass $37 billion in 2013, up from $33 billion in 2012
    • Laptop/notebook computer sales will continue to rise as 26 million units are projected to be sold in 2013 accounting for $17 billion in revenue.

    CEA director of industry analysis Steve Koenig said,"CEA‘s forecast once again confirms that CE products play an increasingly indispensible role in consumers‘ lives. Consumer adoption of smartphones and tablets continues to expand briskly, as mobile connected devices take center stage in today‘s connected, digital lifestyle."

    There are a number of bright spots within the television category that are helping drive overall industry growth, despite total unit sales of displays falling slightly in 2013. Both unit sales and revenues for LCD displays are projected to increase this year. A record-high 30.4 million LCD TVs are expected to ship to dealers in 2013, resulting in more than $15 billion in revenue. Innovations within the display category continue to grow. Sales of TV sets with 3D functionality are projected to increase 39 percent to more than 5.7 million units in 2013. Internet-connected displays will also see strong growth this year, with unit sales reaching 12.3 million, up from 9.2 million in 2012.

    Elsewhere in the industry, a number of other categories are expected to see growth in 2013, including:

    • Audio: Soundbar shipments are projected to increase 22 percent to 2.2 million units.
    • Auto-sound: Aftermarket head units supporting Internet radio are projected to see sales nearly double, surpassing 2 million units.
    • Digital Imaging: Shipments of compact system cameras with interchangeable lenses are projected to grow 22 percent to 1.1 million units.
    • Set-Top Boxes: Network-enabled digital media set top box shipments are expected to hit 7.4 million units, a gain of 13 percent over 2012.

  • Hinduja TMT announces Q3 results

    MUMBAI: Hinduja TMT Limited (HTMT), at its Board Meeting held today, announced its results for the third quarter ended 31st December, 2006.

    HTMT’s total income for the quarter increased year-on-year from Rs. 82.42 crores to Rs. 85.23 crores. The Net Profit for the quarter went up by 68% from Rs 11.07 crs to Rs 18.56 crs. Profit from ITES/BPO operations showed improvement y-o-y and rose by 40% from Rs. 7.04 crores to Rs 10.10 crores, because of continuing efforts on cost control initiatives carried out by the management.

    HTMT globally offers outsourcing solutions in leading verticals viz. Insurance, Healthcare, Telecom, Consumer Electronics. It has a strong 60+ client base served out of 17 centres in 7 countries and employs 9,000 employees worldwide.

    With its new delivery centre in Mysore opened recently, HTMT now has presence in 5 cities in India, apart from 12 internationally viz. 6 in USA, 2 in Canada, 1 each in UK, Europe, Manila and Mauritius, Partha Sarkar, CEO of HTMT said “We are entering exciting times, as the BPO space is undergoing a huge transformation. KPO offers companies like us the opportunity to grow exponentially riding on the back of strong processes and high quality service while consistently delivering Customer Delight. HTMT is on the lookout to acquire capabilities in new areas like F & A, Human Resource Outsourcing, Mortgage, Retail, Travel and Hospitality etc. in the USA-UK market. The Company continues to look out for good opportunities in companies that have developed niche capabilities in new service lines.”

  • Consumer Electronics Show in the US to host technical Emmies next year

    Consumer Electronics Show in the US to host technical Emmies next year

    MUMBAI: The International Consumer Electronics Show (Ces) which takes place in Las Vegas each year will host the Technology and Engineering Emmy Awards for the first time next year.
    The Technology & Engineering Emmy Awards will be CES’ opening evening event on 8 January 2007. The tradeshow will be held in Las Vegas from 8-11 January 2007 and will celebrate its 40th anniversary.

    The technology and engineering Emmy awards honour achievements in two areas. One area is science and technology for television. This includes broadcast, cable and satellite distribution. The second area is advance media technology.

    This encompasses interactive television, gaming technology, and for the first time, the Internet, cellphones, private networks, and personal media players. In addition, for the first time, Emmy awards will be presented for the best use of advanced media technology by commercials as well as programmers.

    Consumer Electronics Association (CEA) president and CEO Gary Shapiro says, “As Ces becomes a global cultural event featuring the best of technology and content, we are thrilled to partner with the Emmy Awards to announce at Ces the best in science and technology for television.

    “For the content, technology and engineering industries, CES is the place to be this January. We look forward to helping promote the world famous Emmy Awards at Ces.”

    National Academy of Television Arts and Sciences (Natas) president and CEO Peter Price says, “The International CES has long been the launch pad of entertainment technology. So it is fitting that our Technology & Engineering Emmy Awards, which recognise achievement in both television engineering and advanced media technology be showcased there. With the National Television’s Academy’s new efforts this year to recognise television anytime anywhere with Emmy Awards for content and technology, this move is particularly fitting.”

    The National Television Academy is currently accepting entries for the advanced media technology Emmy awards in nine categories. In order to be eligible, the production must occur from 1 May 2005 to 30 April 2006. The entry deadline is 22 September 2006. The advanced media technology entries will be judged by panels of industry professionals in New York later this year.

    Among the keynote speakers for the 2007 International CES will be Microsoft chairman Bill Gates, Motorola chairman of the board and CEO Ed Zander, and Disney president and CEO Robert Iger. CES will also feature product debuts from 2,700 exhibitors, covering more than 30 product areas, including the latest in wireless, digital imaging, mobile electronics, home networking and more.