Americans have shown an inclination towards spending on consumer electronics this holiday season, allocating nearly a third of their gift budget to gadgets.
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"Overall, consumers will spend 750 dollars on holiday gifts, down two percent from last year," it said. "They will, however, spend more on consumer electronics gifts than ever before.
"Consumers will spend 232 dollars on consumer electronics gifts, up five percent from last year and the highest level since CEA began tracking holiday spending," the CEA said.
Among the most-wanted gifts for the holidays are computers, Apple's iPad, electronic readers, digital cameras, televisions and video games systems, the CEA said.
Source-AFP