According to an analysis of credit card receipts provided to The Information, a boom in home electronics sales due to the coronavirus shut down shows signs of peaking. From the report: The research by e-commerce company Rakuten, which looked at data for over 1 million U.S. consumers, shows online sales of electronics rose 33% the week of March 9 versus the same week the year earlier, then surged 141% in the last week of March. By the following week, starting April 6, growth had started to wane, to 131%. For the month of March, online sales of electronics rose 61% compared to the year-earlier, according to Rakuten’s data, which does not include Amazon sales. Total U.S. retail sales fell more than 6% in March, according to the U.S. Commerce Department. “With a lot of workers going into remote office situations, it’s created an immediate-term opportunity for tech sales,” said Steve Koenig, vice president of research for the Consumer Technology Association. “But we fully expect this to taper.”

Read more of this story at Slashdot.

Source: Slashdot – Boom In Home Electronics Sales Shows Signs of Peaking