This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

NPD: U.S. Holiday Electronics Sales Fall 5.9%

By Peter Svensson

LAS VEGAS -- U.S. sales of consumer electronics fell 5.9% this past holiday season, as smartphones cannibalize sales of standalone gadgets like cameras, camcorders and GPS navigation devices.

The NPD Group reported Sunday that electronics sales, including TVs and PCs, totaled $9.5 billion in the five weeks ending Dec. 24.

Camcorder sales plunged 43%, and sales of digital picture frames fell 38%. GPS units slumped 33%. PC and TV sales slipped just 4%, bolstered by sales of TVs bigger than 50 inches.

> > Bull or Bear? Vote in Our Poll

Cell phone sales are not included in the report.

The figures were released as the consumer electronics industry gathered in Las Vegas for its annual trade show, the largest in the Americas and one of the largest in the world, and jibe with some retail numbers released last week.

Best Buy Co. (BBY), the largest U.S. electronics retailer, said Friday that December sales lagged because of weak traffic. Sales at stores open a year fell 1.2% for the month. However, sales were strong for smart phones, tablet computers and e-readers.

RELATED STORIES:

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%
TSLA $218.42 0.00%
YHOO $44.52 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs