4 Consumer Electronics Stocks to Buy for the Second Half of 2021

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While a global semiconductor shortage is currently retarding the industry’s growth, the consumer electronics market is nonetheless projected to hit $989.37 billion in 2027, growing at a 5.3% CAGR from its 2020 level. With increasing the penetration of Internet of Things (IoT) and continued roll out of 5G networks, the demand for high-end smartphones, tablets, laptops is expected to continue rising.

Because people are expected to continue with digital lifestyles and equip their homes with convenient-to-use devices and smart appliances, the consumer electronics industry is expected to keep growing. As such, we think consumer electronics giants Apple Inc. (NASDAQ:AAPL), Sony Corporation (SONY), LG Display Co . Ltd (LPL), and Sonos, Inc. (SONO) are well positioned to deliver significant returns in the second half of the year.

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