Consumer confidence in consumer electronics moved up sharply in June as confidence in the overall economy dropped to its lowest point since July 2008, according to the latest figures released today from the Consumer Electronics Association (CEA) and "CNET."
The CEA-CNET Index of Consumer Technology Expectations (ICTE) climbed in June to 82.7, up 11.2 points from last month. The ICTE, which measures consumer expectations about technology spending, is down 1.7 points from this time last year.
“Traditionally, the summer has been a strong time for tech spending. The recent news about the new iPhone and upgrades to video game consoles may have sparked renewed interest in tech among consumers,” says Anne Claudio, vice president of research at CBS Interactive.
The CEA-CNET Index of Consumer Expectations (ICE) fell to 162.8 points this month, its lowest point since July 2008, when it was 162.2 points. The ICE, down 1.4 points from last month, measures consumer...| Read more »