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.

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

Advertisement

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.

 

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Advertisement

Related Stories

Popular Mobile Brands
  1. ChatGPT Down: Thousands of Users Report Issues Accessing the AI Chatbot
  2. Amazon Great Indian Festival Sale: Deals on Smartphones, Laptops Teased
  3. iPhone 17 Pro Max Redesigned Camera Module, Foldable iPhone Timeline Leaked
  4. OnePlus 15 Listed on Certification Site With 120W Fast Charging Support
  5. Samsung Galaxy S25 FE Accessories Leaked Ahead of September 4 Launch
  6. Redmi 15 5G, Note 14 Pro Prices Dropped During Diwali With Xiaomi Sale
  7. A Hidden Mantle "Sandwich" May Be What Really Holds Up the Himalayas
  8. Apple Rolls Out iOS 26 Beta 9 for iPhone Ahead of iPhone 17 Launch
  9. Motorola Edge 60 Neo Key Specifications Tipped Ahead of Imminent Launch
  10. YouTube Reportedly Cracks Down on Premium Family Plan Sharing
  1. Motorola Edge 60 Neo Key Specifications Tipped Ahead of Imminent Launch
  2. Google Home Devices Confirmed to Get Gemini AI Integration Soon; Company Reveals Release Timeline
  3. ChatGPT Down: Thousands of Users Report Issues Accessing the AI Chatbot, OpenAI Responds
  4. Bitcoin Holds Near 110,800 as ETF Inflows and Rate-Cut Steadies Market
  5. Take-Two Came Close to Buying Cancelled Perfect Dark Reboot From Xbox Before Talks Collapsed: Report
  6. iPhone 17 Pro Max Seen in Leaked Video With Redesigned Camera Module; Analyst Says Foldable iPhone to Launch in 2026
  7. OnePlus 15 Listed on a Certification Website, Likely to Support 120W Fast Charging: Report
  8. Google NotebookLM Gets Four New Audio Overviews Formats With New AI Voices
  9. Oppo A5i Pro 5G Launched With 6,000mAh Battery, 50-Megapixel Primary Camera: Price, Specifications
  10. Call of Duty Film Adaptation in the Works as Paramount and Activision Announce Deal
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.