Tech
Apple Dominated Consumer Electronics Sales in 2011
Stock quotes in this article:AAPL
By Erica Ogg, GigaOM
The NPD Group has a report out Monday that says consumer electronics sales in 2011 saw basically zero growth over the previous year. Yes, Amazon(AMZN) sold a lot of Kindles, Samsung shipped a lot of phones and Apple(AAPL) sold as many iPhones and iPads as it could, but still, in the U.S. sales of all consumer gadgets hit just $144 billion last year. That's actually a half percent dip in sales when compared to 2010. But last year's results weren't terrible news for all CE companies. There is one that's doing pretty well in the U.S. Apple was the only brand in the top five in the U.S. to see an increase in sales, which was 36% more than the company's U.S. sales in 2010. And in the fourth quarter -- which you may remember was Apple's biggest quarter in the history of the company, -- Apple "accounted for 19% of all sales dollars" of consumer gadgets sold, according to the NPD report. Or, for comparison, twice as many in that quarter as the world's largest PC maker, Hewlett-Packard(HPQ). The report goes on to say that there are fewer and fewer categories of devices that U.S. consumers are spending their money on. And part of what's working in Apple's favor is that Apple makes products in most of those select categories:Subscriber content. Sign up for a free trial.
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