Global tech device sales forecasted to reach $1.105 trillion in 2013

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LAS VEGAS--Global tech device sales are forecasted to reach $1.105 trillion in 2013, with smartphone sales expected to total $334 billion and tablet sales to total $87 billion, according to projections by the Consumer Electronics Association and European research firm GfK. The predictions were  revealed at the 2013 Consumer Electronics Show being held in Las Vegas this week.

The 2013 forecast compares with a 2012 figure of $1.058 trillion in global tech device sales, with smartphone sales totaling $274 billion and tablet sales totaling $70 billion, according to CEA and GfK figures.

Many of those devices will make their way into the corporate environment, straining the resources of already overtaxed IT departments.

In 2012, tablets experienced a healthy 60 percent year-on-year sales growth rate, while smartphones posted a 38 percent sales growth rate. In 2013, tablets are projected to post a 25 percent year-on-year sales growth rate, while smartphones are expected to see a 22 percent gain, according to CEA and GfK stats.

This year, half of mobile connected device sales are predicted to be made up of smartphones, tablets and mobile PCs.

"There will be a photo finish in 2013 in terms of smartphone and tablet shipments," said Steve Koenig, director of industry analysis at CEA. "Smartphone and tablet shipments are pushing far beyond other tech devices," Koenig said.

The research firms predict that sales of smartphones and tablets will make up 40 percent of global tech device sales in 2013.

For more:
- Check out the CEA/Gfk slideshow

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