Tech Sales Down in Q4, NPD Says
Consumer tech unit sales in the first nine weeks of Q4 fell 4% year on year, emailed NPD analyst Stephen Baker. Black Friday week had a 15% year-over-year revenue bump, while Cyber Week grew 3%, he said. Also Wednesday, Pitney…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
Bowes reported that of 2,000 survey respondents interviewed over the past month, nearly 70% expect supply chain issues to continue into early next year, 62% throughout 2022. The most popular product category is electronics, with 30% of all consumers delaying electronics purchases, “likely due to current inventory shortages, compounded by chip shortages and the promise of discounts on high-value products” later, it said.