Consumer Electronics Show Well Under Way

By: Mark Tenia Email
By: Mark Tenia Email

January 10, 2008

The consumer electronics show is well under way in Las Vegas with plenty of new gadgets hoping to make their way in to your home.

There are plenty of companies showing off their new products hoping to have some big sellers, but with the uncertainty of the economy some are concerned about just how much demand will be out there.

Overall the electronics industry had a huge year in 2007 with over $161billion in sales but analysts are calling for a lower gain in profits this year compared to last.

But despite the predictions companies are continuing to strive for faster, bigger and thinner products such as Sony's new organic LED screen that is one tenth of an inch deep, about the thickness of two credit cards.

Another new product is the sensor filled bed monitoring all your vital signs, even snoring. And Blu Ray and HD DVD continue to battle it out but there may not be too much money to fight for as consumers wait to see just how well the economy is doing.

"They really believe that a lot of technology is becoming important to their digital lifestyle, but in the short term, they may hold off on big ticket technology until they understand how the economy is going to be" said Tim Bajarin, technology analyst.

One product that may not be affected by the economy are the hands free devices for cell phones as laws are starting to be passed requiring them for anyone who wants to talk while driving.

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