Americans will spend more on consumer electronics this holidayseason, both for themselves and as gifts, according to the ConsumerElectronics Assn. (CEA).
The trade group reported 80 percent of adults plan to buy aconsumer electronics product during the holidays, the highest inthe annual survey's 16-year history. Holiday shoppers will spend anaverage of $222 on consumer electronics purchases, up 8 percentfrom last year.
“Consumers remain wary, but there are signs of optimism in ourholiday forecast,” said Shawn DuBravac, CEA's chief economist anddirector of research. “As the holiday approaches, consumer appetitefor technology highlights the resiliency of the tech sector.”
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
