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Holiday Bump

October 19, 2012

The major retailers are mum on their plans for Black Friday, Nov. 23. But industry analysts, studios and the consumer electronics industry have plenty to say about what's in store for home entertainment hardware during the holidays.

The CEA is forecasting an overall increase in holiday spending of 11%, an average of $1,634, with $842 of that going toward gifts. Of that $842, consumers plan on spending $252 on consumer electronics, up from $246 in 2011.

Seventy-six percent of consumers plan on purchasing consumer electronics as gifts this year


Companies Mentioned:

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Hisense, the Chinese electronics company which two years ago expanded beyond OEM manufacturing to launch its own brand in the U.S., will step up its product line deployment stateside for the holiday sales season with the availability of the Hisense Pulse with Google TV set-top box that allows viewers to both “smarten” their legacy flat-panel TVs and access any of 2,000 TV-optimized apps from the Google Play store, via a minimally layered interface.
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CEA: Holiday Tech Spending to Rise
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The Consumer Electronics Association Tuesday forecast an 11 percent jump in overall holiday spending, with CE spending expected to rise slightly.




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