Added: 12/14/2005 |
Consumer electronics -- Evolving faster Than Supply and DemandSimply put, consumer electronics is electronic equipment intended for use by everyday people. Consumer electronics offers products used in communications, entertainment, the home and office. Telephones, audio equipment, televisions, calculators, playback and recording devices such as VCRs, DVD players, MP3 players and digital clocks are considered to be consumer electronics categories.
Consumer electronics are manufactured throughout the world, although a particularly high concentration of consumer electronics manufacturing activity can be found in the Far East, particularly in China.
The most outstanding characteristic of all electronics products is the trend of low prices, which continue to drop. The reason of such price-drops is driven by gains in manufacturing efficiency and automation, as well as improvements in semiconductor design.
The Consumer Electronics Association (CEA) does much to impact the consumer electronics industry. It is the industry organization for consumer electronics in the United States. The CEA also organizes the annual Consumer Electronics Show. CEA has several prestigious awards programs (Academy of Digital Pioneers and CE Hall of Fame) to honor industry leaders, inventors, and groundbreaking electronics products and technologies.
Because of the great variety of consumer electronics and the ever-growing number of companies engaged in selling there products, it's becoming more and more difficult to get the consumer electronics you want without wasting your time and money. That's why the internet is such a great research tool. Load the following names in your search engine and see how the information regarding these well-known consumer electronics companies can benefit you:
Best Buy Company, Inc. is a public company that is listed in Fortune 500 and is believed to be the largest specialty retailer of consumer electronics, personal computers and related goods in North America. It is headquartered in Richfield, Minnesota. Its revenues average nearly $29 billion dollars annually. It's Chief Executive Officer and Chairman is Brad Anderson, its Founder & Chairman is Richard M. Schulze. The range of Best Buy's electronics inventory is huge -- beginning with video games, music on compact disc (as well as some other formats such as SACD, Dual-Disc, and DVD-Audio), movies and television programs on DVD, Computer-related peripherals and software, cellular phones and PDAs, video cameras, televisions and related equipment, audio equipment for automobiles and including home appliances such as washing machines, dryers, refrigerators and office equipment (mostly desks and chairs). The Best Buy Mission Statement is "Making life fun and easy" and frankly speaking they have succeeded in it. The company's subsidiaries include Geek Squad, Magnolia Audio Video, and Future Shop in Canada, which together operate over 700 stores in the United States and Canada. You may also visit their website - http://www.bestbuy.com.
Circuit City is another large company. It is the second largest electronics retailer in the United States. Circuit City is based in Richmond, Virginia. Its annual revenue averages $10.8 billion. It's Chief Executive Officer and chairman is W. Alan McCullough. Circuit City has more then 600 stores located throughout the country and its departments cover Audio and Video, Camcorders and Photo, Home and Office, Music and Movies, and Toys and Games. Circuit City is the owner of such brand names as Centrios, ESA, Liquid Video, NexxTech and Verge. Its slogan is "Circuit City makes it Simple" (2005).
In addition to companies there are smaller, but no less profitable electronics companies such as Fry's Electronics (large software, consumer electronics and computer superstore chain headquartered in Silicon Valley), Future Shop (a Canadian electronics retailer with a tremendous variety of consumer electronics products), InterTAN (Canadian consumer electronics retailer that operates stores under the banners "The Source by Circuit City", "Rogers Plus", "Battery Plus", "G-Wiz", "THSstudio" and "Up-Close". It is a wholly owned subsidiary of the Circuit City chain since May 19, 2004.).
It's true that "you get what you pay for", but with such a large selection at your disposal and with a little research, you can easily meet your consumer electronics acquisition needs.
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