Go-Go Gadget Economy

After a disappointing 2009, the consumer electronics industry grew 13 percent in 2010 and is expected to grow another 10 percent this year to $964 billion, according to a new forecast by the Consumer Electronics Association. And, if the year turns out better than expected, consumer electronics sales could surpass $1 trillion in 2011. “I’m bullish,” Consumer Electronics Association analyst Steve Koenig said on the eve of the Consumer Electronics Show. “That number is truly within reach. It’s clear that global retail sales of tech products have rebounded. Tech is at the vanguard in leading the recovery.”