As sales increases flatten out or show no growth for TVs, desktops, laptops, tablets and smartphones, tech companies are looking at virtual reality (VR) gear, drones and smart home products to prop up revenues, reports Financial Times. Intel said yesterday it has bought Ascending, a Germany-based drone company, while Sony is all set to unveil PlayStation VR headset this year.
Increase in sales of virtual reality gear
With new products hitting the market, sales of VR gear are expected to increase sixfold in 2016, according to the Consumer Technology Association (CTA), the industry authority that produces the International Consumer Electronics Show in Las Vegas.
Drones will become more popular in 2016, with sales more than doubling to almost $1billion (Dh3.67 billion) in the US by the end of the year.
Smart home products such as thermostats, lighting and connected washing machines will see growth, with sales increasing by about a fifth.
The big five – TVs, desktops, laptops, tablets and smartphones – that accounted for more than half of the revenue for tech companies last year is estimated to make up less than half of sales this year.
Fall in tablet sales
In 2016 CTA predicts a fall in sales for tablets. TV sales are not expected to grow at all, and smartphones will register only a 4 per cent increase.
Wearables will also witness slower growth, with unit sales climbing by just 12 per cent. Revenues from smartwatches is expected to increase by a fifth, touching $3.7 billion in sales.
(Image via PS4daily)