Where Would The U.S. Consumer Electronics Industry be Without Apple? Down 6% in 2011, according to the NPD Group. If it weren’t for tablets and mobile phones, 2011 would have been a total downer year for the U.S. consumer electronics industry.
Total U.S. retail sales for the year were $144 billion, down 1% from 2010, according to a report issued Monday by the NPD Group.
That might not sound too bad. But sales of PCs, TVs and video game hardware were all down, and sales of mobile phone hardly grew at all.
Only tablets experienced robust growth — accounting for 10.7% of U.S. consumer electronic sales, up from 5.1% in 2010. And because nearly all those tablets were iPads –and a lot of those mobiles phones were iPhones — Apple (AAPL) single-handedly saved the industry from what would have otherwise been, according to NPD, a humiliating 6% decline.
“U.S. hardware sales growth is becoming harder and harder to achieve at the broad industry level,” said Stephen Baker, vice president of industry analysis at NPD. “Sales outside of the top five categories fell by 8 percent in 2011 as consumers shifted spending from older technologies to a narrow range of products.”