Bleak outlook for 2009 gadget biz

Wed Jan 7, 2009 1:33PM EST

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No surprises here: Consumers are overwhelmingly saying that they intend to curtail gadget and electronics purchases this year, with over 60 percent of those responding to a Forrester Research survey saying that they'll be trimming the amount they spend on tech gear this year.

Forrester broke down the market into 10 product types, and for every one of them, at least 50 percent of consumers said they were less likely to buy them. The industries facing the worst outlook: Handheld game consoles, satellite radio, and smart phones, each scoring well over 60 percent in the "less likely to buy category." The best off: Mobile (non-smart) phones, HDTVs, and laptops, in that order. These products are facing a mere 50 percent (or a slightly higher portion) of buyers who say they're less likely to purchase one in 2009.

In comparison, only seven percent of respondents said they were more likely to buy a new HDTV this year.

If there's a bright spot in the survey, it's in core essentials like phone and Internet services. The vast majority of those surveyed said they would not be cutting back on these services no matter how bad the economy gets.

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  • 1 Posted by sciencetroll@verizon.net on Wed Jan 7, 2009 5:34PM EST Report Abuse

    Theres no need to worry quite yet because theres still a factor for tem to consider. lots of people already have these items like a cell phone thats already up to date causing them to be something people need less. think about it, if you got something this year like a portable gaming console and your a standard person then its really impractical to buy another.

  • 2 Posted by blackmack427 on Wed Jan 7, 2009 10:44PM EST Report Abuse

    I THINK THERE ARE TOO MANY GADGETS OUT THERE ALREADY-- LETS GET BACK TO BASICS !!!!!

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