‘Unprecedented’ Consumer Demand Will Fuel Record 2021 Tech Revenue

Retail sales revenue for the tech industry in the U.S. will reach a record-breaking $487 billion in 2021, a 7.5% pop from 2020, thanks to “unprecedented consumer demand,” according to a new report by the Consumer Technology Association. The report also predicts that NextGen TVs that are capable of receiving ATSC 3.0 broadcasts will see shipments increase nearly sixfold to 2.1 million units. That will produce retail revenue of $3.9 billion, up 425%.

Smartphone Ownership Now 2nd Behind TVs

An annual CTA study shows smartphones are now the second-most owned tech device, behind TV sets, growing 13% to 238 million last year.