Digital photo frame holiday sales : Approximately 1.7 million digital photo frames were sold in the US in 2006, representing an explosive year-over-year growth rate of more than 400%, according to Parks Associates. The number exceeded Parks Associates’ forecast by 42%. “The most significant factors contributing to this growth are expanded retail availability, decreased price, and consumer interest in new gift ideas,” said Harry Wang, research analyst, Parks Associates. Parks Associates expects these numbers will attract more retailers and large CE manufacturers, further driving this product category to mainstream status. “Our revised US. forecast calls for 50% cumulative average growth rate (CAGR) into 2010,” Wang said.
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