Depressed Americans still buying gadgets

American shoppers aren't likely to let a little thing like a massive global recession get in the way of them buying new tech. The US Consumer Electr

The US Consumer Electronics Association says that while car sales are down 40 percent and real estate has slumped by 34 percent, gadgets have suffered a mere 7.5 percent drop - the industry's first since 2001.

Some products are even bucking the trend, with sales of LCD TVs jumping by a quarter in 2009 and Blu-ray players expected to be twice as popular as last year, selling over six million units.

Other hot categories are smartphones (up 3 percent) and the ever- fashionable netbooks (up 85 percent). No increases are expected in digital photography, MP3 players or consoles as most Americans already own them.