-
CE spending to set new record
Spending on consumer electronics this holiday season is projected to reach a record level of nearly $34 billion as shoppers clamor for ultra high definition televisions, smart watches, tablets and a new crop of smartphones.
The Consumer Electronics Association (CEA) predicts the 2014 holiday season will see the highest levels of consumer spending on consumer electronics since the group began tracking the category two decades ago. The trade group’s holiday outlook envisions total tech spending increasing 2.5% to $33.76 billion.