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CEA Sees Less Growth in Gadget Spending

October 20, 2008
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Spending on gadgets is expected to grow this holiday season, albeit at a rate about half of last year's number. That's according to figures being released today by the Consumer Electronics Association, as first reported by the New York Times.

The industry group sees consumer spending growing 3.5 percent over the holidays, compared with around 7 percent for last year's season.

CEA saw demand rising for such categories as mobile phones, A/V equipment, video game consoles and televisions, but falling for cameras, laptop computers, music players and video games.

“There’s still a desire for these products, but the intensity of that desire has declined somewhat in light of economic concerns,” the Times quoted CEA market research director Tim Herbert as saying of the weakening categories.
 

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