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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
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