Tech sector predicted to slow but not collapse

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Vipin Jain, chief executive of Retrevo.com, an online electronics marketplace headquartered in Sunnyvale, said consumer electronics was a $160 billion market in the United States last year. It had been projected to grow to $170 billion, but based on the behavior of the 2.5 million people who visit the site each month, Jain thinks the sector will instead see sales slump.

"This year we are not going to grow (as an industry); we will shrink a little," Jain said.

His evidence? In the first half of the year Jain detected a slowdown in interest in cameras, camcorders and GPS systems. By the end of September the malaise had reached HDTVs, which had been strong until then.

Jain said that so far two items have bucked this downward trend: laptops and digital photo frames.  more