Home Nets, Handheld Sales Soar
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Sales of home networking products and handhelds were hot in 2000 while traditional computer products hit the skids, according to a new market report by NPD Intelect.
Sales of home networking produce increased 300 percent last year and sales of handhelds increased 161 percent compared to the previous year. By contrast, sales of desktop PCs dropped 17.6 percent for the year. The study monitors the retail channel.
Overall, technology sales slowed as the year progressed, the study found. In the first quarter of 2000, sales increased more than 19 percent over the same quarter in 1999. However, by the fourth quarter, total sales of technology products was only 9 percent higher over the same quarter in the previous year, according to the company.
"The softening economy is clearly evident in the numbers for both computer-related and consumer electronics products,"said Jim Hirschberg, NPD Intelect's director of consumer electronics.
On the consumer electronics side, DVD players led the way with a sales increase of more than 108 percent. Other hot sellers last year were home CD recorders and satellite television systems, according to the study.