For Immediate Release
Chicago, IL – December 10, 2009 – Zacks.com announces the latest Industry Outlook. Today, Zacks Equity Research discusses the Consumer Electronics Industry, including Microsoft (MSFT), Google (GOOG), Nokia (NOK), Disney (DIS) and Viacom (VIA).
A synopsis of today’s Industry Outlook is presented below. The full article can be read at http://www.zacks.com/stock/news/28120/Consumer+Electronics+Stock+Review.
Consumer Electronics Stock Review
The strongest driver in consumer electronics this holiday season is likely to be the netbooks. According to ABI Research, 35 million netbooks will be shipped in 2009. As per the most recent data released by Gartner, PC shipments in 2009 are expected to rise 2.8%, up from the previous forecast of a 2% decline, thanks to the increased sale of inexpensive consumer notebooks and netbooks. We expect PC sales to show positive gains in the first half of 2010.
Netbooks are expected to thrive, driven by Microsoft’s (MSFT) new Windows OS7. Google (GOOG) aims to take over the consumer electronics netbook market in the latter half of 2010 with its new Chrome operating system (OS). Handset maker Nokia (NOK) has entered the netbook market with its Booklet 3G, a mini laptop, and has introduced new netbooks and MIDs to take advantage of the flourishing market in consumer electronics.
Moreover, both Disney (DIS) and Nickelodeon — owned by Viacom (VIA) — have plans to launch low-cost netbooks targeting young children, which will be a further boost to consumer electronics sales.
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