Consumers of electronic gadgets - worldwide - this year will spent $1 trillion

Consumers of electronic gadgets - worldwide - this year will spent $1 trillion

By Troy Wolverton

LAS VEGAS -- Global spending on consumer electronics should slow down this year, but will still easily top $1 trillion, the Consumer Electronics Association said Sunday.

Smartphones, which were the second fastest growing category of electronics worldwide last year, are expected to drive industry sales again this year, the CEA said at its annual industry preview event that helps kick off the group's Consumer Electronics Show.

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