Consumer electronics manufacturers across the world, after suffering from the largest dip in sales in years, are finally expecting the sales to catch up!

After unprecedented low record sales, the consumer electronics manufacturers are expecting to bounce back in the year 2010, all thanks to smartphones, e-readers and smaller laptops.

On the contrary, the Consumer Electronics Association, while releasing its 2010 forecast ahead of its annual gadget show, provided little cheer to the industry which saw revenue fall by two percent in 2009 to USD 681 billion. This was preceded by a record 14 per cent growth in the year 2008.

Addressing the reporters gathered for the Consumers Electronics show, the CEA director of industry analysis Steve Koenig said, “The global economic recession that has crept its way around the globe really impacted revenues in 2009.”

He added, “In 2010, as the world starts to recover from this recession, we’re anticipating flat overall revenues, at least at this stage.”