Consumer Electronics: Where the Growth Is

While consumer confidence in technology spending is on the rise in the past few weeks, it's down year-over-year since last June. That's according to Shawn DuBravac, chief economist of the Consumer Electronics Association, or CEA.

DuBravac presented his findings at the recent CEA Research Summit at CE Week in New York City. If you're wondering about the greatest growth in consumer electronics, look no further than the tablets and smartphones produced by Apple , along with its many Android competitors. Tablets sales are expected to continue to surge, making up about 80% of all computer sales by 2016.

Motley Fool analyst Rex Moore spoke with DuBravac at CE Week, and has more on the state of the consumer electronics sector in the video below.

Want to get in on the smartphone phenomenon? Truth be told, one company sits at the crossroads of smartphone technology as we know it. It's not your typical household name, either. In fact, you've probably never even heard of it! But it stands to reap massive profits NO MATTER WHO ultimately wins the smartphone war. To find out what it is, click here to access The Motley Fool's latest free report: "One Stock You Must Buy Before the iPhone-Android War Escalates Any Further..."

The article Consumer Electronics: Where the Growth Is originally appeared on Fool.com.

Rex Moore has no position in any stocks mentioned. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.