CES 2023 Day 1 and Unveiled

What's the buzz?

CES, the world's most influential technology convention, is back in Las Vegas on January 5-7. Yesterday, Consumer Technology Association (CTA), owner and producer of CES, hosted a preview press conference for media attendees about the technology trends to watch at this year's show and released its latest research on U.S. technology retail revenues.

CTA Forecasts Lower U.S. Technology Sector Revenues as Industry Fights Inflation
CTA released a new research that projects U.S. technology retail revenues will fall into $485 billion in 2023 as the industry fights inflation. This new data puts revenues slightly above pre-pandemic levels, following a three-year surge in consumer technology spending that peaked at a record-breaking $512 billion in 2021. While CTA anticipates a looming recession and inflation will weigh against consumer spending in the coming year, consumer technology industry revenues will remain roughly $50 billion above pre-pandemic levels.