Tech to drive US holiday spending: Survey

Advertisement
By Agence France-Presse | Updated: 17 October 2012 12:00 IST
New high-tech devices will get US consumers to open their wallets for the upcoming holiday season, driving retail spending higher, a survey showed Tuesday.

The Consumer Electronics Association found overall holiday spending is expected to increase 11 percent this year while spending on consumer electronics gifts also likely will increase.

"Consumers are feeling more confident in the overall direction of the economy this holiday season compared to last year and, as a result, will spend more on gifts, including electronics," said CEA chief economist Shawn DuBravac.

Advertisement

On average, consumers plan to spend $1,634 overall this holiday, up 11 percent from last year, the survey found.

Consumers plan to allocate $842 from their overall budget to gifts, up nine percent from 2011, and $252 of that will be for consumer electronics.

Advertisement

Mobile connected devices are the most wanted gifts this season, led by tablet computers, the association said.

Tablets are the most wanted gift on both adults' overall holiday wish list and their gadget wish list.

Advertisement

The survey suggested smartphones likely will be the most popular device given as a gift this year, followed by tablets, notebook or laptop computers and DVD or Blu-ray players.

One in four consumers will give a gift card for digital music purchases, one in five for electronics book purchases, 16 percent for app purchases and 15 percent for online gaming purchases.

 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Advertisement

Related Stories

Popular Mobile Brands
  1. Dell 15 Refreshed With Up to Intel Core Ultra 7, 15.6-Inch Display
  2. OnePlus Nord CE 6, Nord CE 6 Lite Will Launch in India on This Date
  3. Google Could Team Up With Marvell to Develop New AI Chips for Inference
  4. Resident Evil Requiem Could Get Mercenaries Arcade Mode Next Month
  5. Huawei Pura 90 Series Key Specifications Surface Ahead of China Launch
  6. AI-Driven Global Memory Shortage Might Not End Until 2030
  7. BAFTA Games Awards 2026 Winners Announced: See Full List
  1. Toshiba Z670SP MiniLED TV Series Launched in India With Up to 100-Inch 144Hz Screens: Price, Specifications
  2. Resident Evil Requiem Could Get Mercenaries Arcade Mode in May, Leak Suggests
  3. Global Memory Shortage Could Persist Until 2030 as Suppliers Prioritise AI Data Centres: Report
  4. Dell 15 (2026) Launched in India With Up to Intel Core Ultra 7 and 15.6-Inch Display: Price, Features
  5. OnePlus Nord CE 6, Nord CE 6 Lite India Launch Date Announced; Snapdragon 7s Gen 4 Chip Confirmed
  6. Xiaomi 18 Pro Max Specifications Leak; Might Feature Snapdragon 8 Elite Gen 6 Pro Chip, 6.9-Inch Display
  7. OnePlus Ace 6 Ultra Launch Date Announced; New OnePlus-Branded Gaming Controller Will Tag Along
  8. Huawei Pura 90, Pura 90 Pro and Pura 90 Pro Max Key Specifications Leaked Ahead of China Launch
  9. Google Reportedly Exploring AI Inference Chip Partnership With Marvell Technology
  10. Clair Obscur: Expedition 33 Crowned Best Game at BAFTA Games Awards 2026: Full List of Winners
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.