Using Facts, Examples, and Anecdotes

Running Head : Facts , Examples and Anecdotes

Facts and examples of the Impact of the Electronic Industry to Our Society

Author

Course

Professor

University

Facts and examples of the Impact of the Electronic Industry to Our Society

The advent of new technology that is being developed day in and day out had created revolutionary development in modern manufacturing and as a result has helped every single industry that exists around the globe today . The Electronic industry has become the cornerstone of every industry as electronic companies provide innovations

to every product that would cater the growing needs of the community . Every other industry depends pretty much heavily to the electronic industry . It is noting to know that , it is difficult to imagine products and services that are not influenced and could be linked to the electronic industries . Motor vehicles , personal computers , laptops , iPods , cellular phones , digital cameras and high definition TV sets are all products that every individual , especially today 's population genre , crave for It has become the world 's leading industry that caters our needs (Maloney , 2003 . For these obvious reasons it is safe to say that the electronic industry has become a huge part of our everyday living , and life without these electronic devices would be very much different , and at sometimes could be difficult as other industries that provide numerous services in the market are somehow linked and connect to the electronics industry . With our growing dependency to electronics to usher the coming of the information revolution we are experiencing now electronic industry will continue to grow and prosper for the next several years

Over the last decade , the growth of the industry was overwhelming Sustainable growth rate with satisfying return in revenues and large employee numbers were observed . For the next five years or well before 2015 , significant growth rate is expected . In 2006 , the industry experienced a 9 percent to 249 billion dollars in growth , the following year , the growth was 10 percent to 274 billion dollars (LaPedus , 2008 This year the growth was projected to be at roughly around 10 .8 percent to 303 .4 billion dollars and the Electronic and Semiconductor Industry Associations believed that for the next several years it would not be surprising if the growth rate continue to jump and reached higher ground

The robust growth can be attributed to the consumption of electronic products especially digital cameras , high definition TV sets , MP3 's DVD 's and cellular phones . They are the hottest commodity in the market today . Sales of cellular phones alone are expected to account for 20 percent growth . Despite fear of recession and the energy crisis looming at hand , a consumer electronics industry group predicted that consumers would likely to buy more gadgets . A very good friend of mine , manifest this stand by the consumer groups . As a crew for a giant fast food chain , my friend has to contend himself with low salary income . He works hard , takes overtimes and skips meal in to save...