Intel predicts retail electronics sales to grow in September and October

Aug 12, 2010

New market research from Intel has found that here in the US the electronics and appliance industries are looking down the gullet of some nice growth during September and October. According to Intel, the growth over the two months will be to the tune of $739 million.

Intel says that in early 2010 during January and February the retail electronics industry saw sales decline 5% to $846 million compared to the same period of 2009. That decline in early 2010 really isn't surprising considering that the economy has been so poor over the last few years.

Intel analyst Michael Haydock also notes that the US Commerce Department says that disposable income is on the rise around the country along with the household savings rate. Those two factors could means there is a pent up demand for buying electronics and appliances.

Must Read Bits & Bytes