The Interactive Advertising Bureau (IAB) and PricewaterhouseCoopers (PwC) – who have been tracking online ad revenues since 1996 have announced that the first quarter of 2004 was a record-breaking year, with $2.3Bn of advertising revenues. Despite the dot-com crash, there’s still money to be made by websites! We can’t really draw any conclusions about the electronics industry, as this survey just looks at the top 15 sellers of online advertising and then extrapolates to produce a figure for the whole market. You can also read a bit more about this on CNET.