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Consumer electronics group predicts musical Christmas

Posted by iTech - 2005-10-18

The Consumer Electronics Association (CEA, Arlington, Va.) said in a survey of the upcoming holiday shopping season released Monday (Oct. 17) that it expects a 9 percent increase in revenues from sales of consumer electronics this holiday season.

CEA is forecasting that overall holiday spending will increase 14 percent per average household (from $1,254 to $1,430) over 2004.

In a survey of 1,000 adults, CEA found that MP3 players topped this year's wish list, displacing digital cameras at the top of the gift list. CEA said consumer interest in buying a portable MP3 player has increased 8 percent from 2004, from 20 percent to 28 percent. Revenues from sales of MP3 players are up 105 percent so far this year, according to CEA Market Research.

Following the MP3 player, CEA's wish list included, in order of preference: plasma TVs, digital cameras, laptop PCs, big-screen TVs, desktop PCs, video game systems, HDTVs, DVD recorders and home theater equipment.

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