20th March 2008
Share

Gadgets Sales to Flag, Confidence Lowest Since 2002

posted in Other Mobile News |

Changewave Research Indicates Flagging Consumer Confidence



Words like subprime, Bear Stearns and capital ‘R’ Recession are being whispered around the water cooler but there’s fresh reason to worry about consumer confidence in the US of A according to research from Changewave.

With little expectation of improved economic conditions, consumers look to be steeling themselves or a would-be recession with the biggest dip in confidence since 2002. Surveyed 18-25 year olds where investigated with regards to electronic gadgets and 19% of respondents indicated they would purchase more in the coming 90 days in comparison to 33% who would spend less, a huge blow for the retail and electronics sectors.

Among the 4,427 consumers surveyed in February the hardest hit products were LCD TV’s (down 4pts), digital cameras (down 4 pts) and cell phones (down 6pts).

Rocky times ahead for electronics manufacturers and distributors?

Changewave Research Indicates Flagging Consumer Confidence 2



This entry was posted on Thursday, March 20th, 2008 at 10:31 am and is filed under Other Mobile News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

There is currently one response to “Gadgets Sales to Flag, Confidence Lowest Since 2002”

Why not let us know what you think by adding your own comment! Your opinion is as valid as anyone elses, so come on... let us know what you think.

  1. 1 On April 2nd, 2009, Dillon said:

    Hey, is there a section just for latest news

Leave a Reply