Weekly Newsletter - 12.11.2024

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EVENT OF THE WEEK 📅

EDITOR’S PICK 🎯

How Your Confidence Crisis is Costing You Sales – And How to Stop It

Practical Tips by Kate Philpot from Getty Images

Ever felt like a fraud in a client meeting, worrying that you'll be exposed? You're not alone. Imposter syndrome can impact anyone, especially in sales, where confidence is key.

Kate Philpot, VP of Global Sales Enablement at Getty Images, and Camille Kempell, Business Development Director at Hive Perform, recently had an eye-opening conversation about overcoming self-doubt and building lasting confidence. They shared actionable strategies that go beyond managing imposter syndrome and help you build your career and maintain consistent performance.

Kate and Camille discuss:

• How imposter syndrome impacts your sales confidence and performance.

• Practical tips to speak up and combat self-doubt.

• The power of preparation to build lasting confidence.

• Why tracking your wins is essential to shifting your mindset.

• How mentorship and sponsorship can fuel your growth in sales.

Want to hear more? Get all their insights now and watch the recording now.📹

INDUSTRY INSIGHTS 🌐

Consumer Electronics Industry Set to Hit Trillion-Dollar Milestone by 2026

The consumer electronics industry is poised for a remarkable recovery, with projections indicating it will become a trillion-dollar market by 2026. After a challenging period marked by a $10 billion revenue decline since 2021, the industry is set for moderate growth. Stocklytics forecasts a $977.5 billion valuation next year, with a 10% increase by 2029, reaching nearly $1.1 trillion. This resurgence is driven by key segments like smartphones, gaming equipment, and streaming devices, which are expected to see significant growth.

Smartphone sales are projected to grow by 8%, reaching $521 billion by 2026 and nearly $580 billion by 2029. Gaming equipment sales will rise by 12%, hitting $38.3 billion. Streaming devices, however, will experience the most substantial growth, with a 40% increase, reaching $17 billion by 2029. These segments are pivotal in the recovery, highlighting shifting consumer priorities and technological advancements.

Despite the overall positive outlook, not all segments will experience the same growth. Computing, drones, TV, radio, and multimedia will see more modest increases, with revenues rising by 12%, 11%, and 9%, respectively. This uneven growth underscores the importance of strategic focus on high-performing segments to capitalize on the potential. The consumer electronics market resilience and adaptability signal a promising future, emphasizing the need for continued innovation and investment.

Huawei Strategic Mastery in Dominating the Foldable Smartphone Market

Huawei strategic foresight and user-focused R&D have propelled it to the forefront of the foldable smartphone market. With innovations like the Mate X6, Huawei has surpassed competitors, emphasizing durability and design. Their commitment to addressing consumer needs and investing in technology has redefined the smartphone landscape, inspiring industry-wide creativity.

INDUSTRY NEWS 📰

Samsung Dominates U.S. Smart TV Market with 37% Usage Share

Samsung dominance in the smart TV market is underscored by a recent Parks Associates report, which reveals that over 37% of U.S. internet households with smart TVs predominantly use Samsung devices. This statistic is significant, given that 66% of all U.S. internet households own a smart TV. Samsung integration of AI into its products, enhancing smart TV capabilities, positions it as a leader in the consumer electronics industry.

The growing trend of smart TVs being equipped to control other smart home devices, such as thermostats and lights, highlights the importance of Samsung market position. As these capabilities expand, the brand influence in U.S. households is likely to increase, offering new revenue streams and added value to consumers. This development is timely, as Parks Associates prepares for its 19th annual Connections summit at the Consumer Electronics Show in Las Vegas, where the focus will be on the business of the internet-connected smart home.

Samsung innovation is further exemplified by its recent unveiling of a QLED TV with 8K AI upscaling technology, demonstrating its commitment to advancing smart TV technology. As the industry evolves, Samsung strategic positioning and technological advancements ensure its continued leadership in the market, providing consumers with cutting-edge solutions and enhancing the smart home experience.

LG Unveils AI Innovations for Enhanced Living at CES 2025

LG Electronics is set to unveil its latest innovations at the CES 2025, under the theme Life Good 24/7 with Affectionate Intelligence This event, scheduled for January 6 at the Mandalay Bay Convention Center in Las Vegas, will be live-streamed globally, inviting consumers to witness LG vision for a future enriched by AI technology. The company aims to transform everyday life through personalized, AI-powered experiences, showcasing its commitment to evolving as a smart life solutions provider.

The press conference will highlight LG dedication to delivering AI-driven experiences that connect and expand customer interactions and spaces. By integrating cutting-edge products and services, LG plans to present a future blueprint that enhances daily life through technological innovation. Attendees at CES 2025 will have the opportunity to experience a fully integrated AI environment at LG booth, demonstrating how these advancements can enrich every moment of life.

Emilio Aleman Joins Ikegami Electronics as Senior Product Manager

Emilio Aleman joins Ikegami Electronics as Senior Product Manager, bringing four decades of expertise in optics and electronic imaging. He will support technical sales and collaborate on design and service. His role is crucial as the industry shifts to IP connectivity and 4K, HDR, and HFR technologies.

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