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The Almighty Buck United States Technology

Boom In Home Electronics Sales Shows Signs of Peaking (theinformation.com) 7

According to an analysis of credit card receipts provided to The Information, a boom in home electronics sales due to the coronavirus shut down shows signs of peaking. From the report: The research by e-commerce company Rakuten, which looked at data for over 1 million U.S. consumers, shows online sales of electronics rose 33% the week of March 9 versus the same week the year earlier, then surged 141% in the last week of March. By the following week, starting April 6, growth had started to wane, to 131%. For the month of March, online sales of electronics rose 61% compared to the year-earlier, according to Rakuten's data, which does not include Amazon sales. Total U.S. retail sales fell more than 6% in March, according to the U.S. Commerce Department. "With a lot of workers going into remote office situations, it's created an immediate-term opportunity for tech sales," said Steve Koenig, vice president of research for the Consumer Technology Association. "But we fully expect this to taper."
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Boom In Home Electronics Sales Shows Signs of Peaking

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  • are already talking about reopening. I can live with spending a bunch of cash to work from home for the next 3-6 months, but if it's going to be a few weeks I'll tough it out.
  • by backslashdot ( 95548 ) on Tuesday April 21, 2020 @05:37PM (#59973880)

    People stuck at home are gonna want more electronics to keep entertained. People are not going to travel much, even if oil prices are super low. Speaking of which I don't recall anyone bailing out the consumer when oil prices hit $100 or even when it almost hit $150 a barrel. Now every industry wants a bail out, it doesn't seem fair to the consumer. We are dangerously sliding towards statism.

  • Malapropism (Score:4, Informative)

    by JfTbUwZbCa2T ( 6721572 ) on Tuesday April 21, 2020 @05:56PM (#59973916)
    "Shutdown" and "shut down" are not the same thing. The former is a noun and the latter is a verb phrase. There is a shutdown screen, not a shut down screen (unless you mean a screen that is off). The economy is shut down because of a shutdown.
  • Halfway though the first week as 'full time work from home' and I replaced my IKEA office chair with a Herman Miller Embody. While it might be my need to justify the expense, I'm really happy with the chair. Which is good because I'm in it at least a dozen hours a day seven days a week.

    My iMac Pro keyboard actually broke shorty after that, so I'm trying a Razer Huntsman on it (I learned on a manual typewriter and hit the keys hard; only mechanical lasts). Also bought one for the gaming PC, but I've start

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  • Everybody stays home and cook their own food. Things have changed. I wish you could share these stats to your contacts using fmwhatsapp apk [fmwhatsappapk.xyz]here. So they can know the importance.

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