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As Device Sales to Fall 5% This Year, Executive Sees Smartphone, Wearables Growth

Not all is bad in forecasts from the research firm GfK that 2016 sales in the global consumer electronics sector will decline 5 percent to 814 billion euros (about $908 billion), Hans-Joachim Kamp, chairman of the supervisory board of CE…

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trade-show IFA organizer gfu, told the opening IFA news conference in Berlin Wednesday. GfK 2016 forecasts, according to Kamp, that wearables of all types will grow 58 percent to 122 million, while smartphones rise 5 percent to 1.4 billion.