US consumer technology sales up 3.6% in 2006

US consumers spent more money on consumer technology products in 2006, but they did so at a slower pace. According to The NPD Group, US consumer technology sales increased 3.6% to $111 bln, down from the 7.2% growth experienced in 2005. More consumers shopped in the stores than online in 2006, with brick and mortar revenue increasing by 4.6% to $85.8 bln, while e-commerce experienced only 0.5% growth to $25.2 bln. Household income was a major contributing factor to the rise in 2006 consumer technology sales. Sales to high-income consumers, those with incomes over $75,000, increased 5.7% and accounted for 43% of consumer technology revenue in 2006.