Published On: August 25, 2011

Consumer Electronics See Online Sales Growth in Q2 2011

Published On: August 25, 2011

Consumer Electronics See Online Sales Growth in Q2 2011

According to a research firm by the name of ComScore, the consumer industry is seeing quite a bit of growth. However, that growth is moving out of retail outlets and to the online options.

According to TWICE, consumer electronics, along with computer hardware and software, placed among the fastest growing online products during the second quarter of 2011.

Additional Resources
• Read more industry trade news from HomeTheaterReview.com.
• Learn more about the struggles of the online consumer.

Research firm ComScore reported that online sales of consumer electronics and PC products grew at least 15 percent year over year.

The total US e-commerce sales of the three month period of the second quarter show a 14 percent growth, which represents an estimated $37.5 billion, which is good news for the consumer electronics industry.

"The second quarter of 2011 saw a continuation of this year's solid double-digit growth trends in online spending well ahead of the rate of growth in consumers' overall spending," said ComScore chairman Gian Fulgone. "As a result, it's clear that consumers are continuing to shift to the online channel, with almost $1 in every $10 of discretionary spending now occurring online."

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