Sales of technology products like laptops have boomed since the coronavirus pandemic led to shutdowns, quarantines and work from home policies starting in March. With the holidays fast approaching and the virus continuing to spread, analysts predict that the fourth quarter will see “historic growth” in tech sales, particularly in e-commerce. In the fourth quarter of 2020, tech sales are expected to increase 18% over 2019’s Q4, which saw only 4% growth compared with 2018, according to a Wednesday report from analyst firm The NPD Group. For more like this Subscribe to the TVs, Streaming and Audio newsletter, receive notifications and see related stories on CNET. Tech products associated with working, learning and staying entertained at home dominated the second quarter of 2020, with high-growth categories including products such as notebook computers, tablets, monitors, printers, keyboards and mice, the report found. As we head into the holidays, NPD Group analysts said they expect customers to begin purchasing items that are more “wants” than “needs,” like TVs and noise-canceling headphones. Most of these tech sales are coming from e-commerce, the report found. In the second quarter, 69% of consumer technology sales occurred online, up from 48% the year before. That number is expected to remain… Read full this story
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